[학위논문] (The) Effects of conflict on South and North Korean economy : evidence from stock market and foreign trade

...when a firm import a product from North Korea and export the same product to South Korea in the same period. The difference-in-difference estimation results show that indirect exports from North Korea to South Korea via China are increased significantly by the “5.24 measures” in 2010. The increase in North Korea’s indirect export of apparels in particular accounts for a 25% of the...