외환위기를 전후한 경제 질서의 변화 = Changes in Economic Order Before and After Korean Foreign Exchange Crisis

다국어 초록 (Multilingual Abstract)

This paper analyses the changes in the adjustment role of prices and output before and after Korean foreign exchange crisis in 1997, and investigates the causes which gave rise to that changes.
Empirical results by two estimating models conclude there is no change in the adjustment role of prices and output in case of one-quarter adjustment, but there is a significant increase in the role of output and a decrease in that of prices in case of four-quarter adjustment before and after Korean foreign exchange crisis from 1981 : 1Q to 2008 : 2Q.
This increase in the adjustment role of output came from the enlargement of employment adjustment, that is, increase in the flexibility of employment after Korean foreign exchange crisis. The enlargement of employment adjustment was promoted by the enforcement of layoff and the introduction of temporary agent work in the side of labor-management relations, and by the expansion of temporary work and the usual occurrence of contract buyout in the side of labor market order.

참고문헌 (Reference)

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