Spike in oil prices ‘could boost South Korean economy’

oil-spill

A study led by the Bank of Korea suggests that, contrary to conventional belief, a spike in international oil prices might boost the South Korean economy. 

The researchers, Soojin Jo and Myungkyu Shim from Yonesi University, set out to understand why scholars have reached different conclusions about the impact an oil shock might have on South Korea, which imports most of its energy. 

The authors analysed the impact of various oil shocks on the economy between 1990 and 2022. They said that although

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.