Table 4 Estimation of basic economic...

Table 4

Estimation of basic economic variables

(Unit: %)
Year	Korean GDP	Korean CPI	Korean interest rate	US GDP	US CPI	US interest rate
2011	3.45	2.60	2.84	2.25	1.89	1.80
2012	1.05	0.74	2.53	0.52	0.63	1.51
2013	1.55	1.18	2.76	1.10	1.31	2.75
2014	1.39	0.62	1.68	0.87	0.99	2.17
2015	1.14	0.93	1.66	0.91	0.87	2.17
2016	2.17	1.33	1.44	1.15	1.41	2.11
2017	1.17	0.70	1.62	0.78	0.60	2.30
2018	1.43	0.99	1.58	0.98	0.94	2.58
2019	2.05	1.29	1.14	1.21	1.28	1.69
2020	0.22	0.35	2.13	−0.13	−0.02	1.14

(Unit: %)
Year	Korean GDP	Korean CPI	Korean interest rate	US GDP	US CPI	US interest rate
2011	3.45	2.60	2.84	2.25	1.89	1.80
2012	1.05	0.74	2.53	0.52	0.63	1.51
2013	1.55	1.18	2.76	1.10	1.31	2.75
2014	1.39	0.62	1.68	0.87	0.99	2.17
2015	1.14	0.93	1.66	0.91	0.87	2.17
2016	2.17	1.33	1.44	1.15	1.41	2.11
2017	1.17	0.70	1.62	0.78	0.60	2.30
2018	1.43	0.99	1.58	0.98	0.94	2.58
2019	2.05	1.29	1.14	1.21	1.28	1.69
2020	0.22	0.35	2.13	−0.13	−0.02	1.14

Note(s): This table shows the average for five years of Korea and US economic indicators estimated through the VAR model in Table 3. For example, 3.45% of Korea’s GDP in 2011 is the average value for 2011–2015 estimated at the end of 2010. The rest of the values are estimated in the same manner

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