South Korea’s Business Cycles: Investment Frictions and Capacity Under-utilization

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South Korea’s Business Cycles: Investment Frictions and Capacity Under-utilization

A recent study published in the journal ECONOMICS sheds light on the intricacies of South Korea’s business cycles, focusing on the impact of adjustment costs on investment and the under-utilization of maximum installed capacity. Led by Al Mamun Tuhin G M. from Hannam University’s Department of Economics, the research employs a New Keynesian business cycle model tailored to the South Korean economy. Source