The coefficients off explanatory details is actually of one’s expected indication and you may all are tall with the exception of that of the fresh OECD dummy, which implies that the invention standing from a country is not an important factor during the determining exports and you will imports back and forth from Korea.

Since shown, the partnership involving the kept unexplained version in the Southern Korea’s external lead funding from the creation market plus in Southern Korea’s exports regarding are manufactured products having regressions with and as opposed to dummy details is actually confident and get tall from the 99 percent extreme level

Desk 6 gift suggestions the second phase regressions. The relationship hence try strongly subservient.