Heeho Kim

Heeho Kim
Kyungpook National University | KNU · School of Economics and Trade

Ph.D. Economics

About

45
Publications
3,353
Reads
How we measure 'reads'
A 'read' is counted each time someone views a publication summary (such as the title, abstract, and list of authors), clicks on a figure, or views or downloads the full-text. Learn more
115
Citations
Introduction
Dr. Heeho Kim currently works as an Economics professor at the School of Economics and Trade, Kyungpook National University, Korea. Heeho does research in Financial Economics, International Finance, International Economics, Economic History and Development. Their current project is 'the determinations of foreign bias of sovereign wealth fund and its spatial spillover effects'.
Additional affiliations
March 2013 - February 2014
Harvard University
Position
  • Research Associate
Description
  • Weatherhead Initiaive on Global History
Education
September 2019 - December 2021
The London School of Economics and Political Science
Field of study
  • Economics, Economic History

Publications

Publications (45)
Article
Full-text available
This paper aims to explain why foreign direct investment (FDI) inflows into South and Southeast Asia are increasing as alternative production bases to China, but are concentrated in a few countries with better institution quality. The literature posits that labor costs are a major determinant of FDI location decisions. A model of FDI location is ex...
Article
Full-text available
A number of studies on the microstructure of financial markets focus on the inventory holding costs of spreads to explain their behavior. Inventory holding costs reflect a compensation for the risk that a dealer incurs to provide immediate liquidity for financial trading (e.g., Bjønnes and Rime, Journal of Financial Economics, 2005; Bollen et al. J...
Article
Full-text available
Abstract Purpose - This paper aims to examine the determinants of SWFs’ investment in Asian countries and to identify consistent investment patterns of SWFs in specific target firms from Asia, particularly China and South Korea. Design/Methodology - This study extends the Tobin’s Q model to examine the relationship between SWF investments in targe...
Article
In a sharp contrast to its expected effects of the government policy news in house markets, the house prices are rapidly increasing and get unstable recently. Although the advent of internet technology and perfect information would bring about the efficiency in house market, few studies examine the effects of these government policy news and verbal...
Article
Full-text available
This study develops a simple spread model to explain whether market dealers behave strategically when using electronic broking services. Our spread model stresses the role of an unexpected liquidity imbalance and its volatility for inventory risk, which contrasts sharply with previous studies that emphasised price volatility as the inventory risk....
Article
This study analyzes time-varying integration of stock markets among fourteen European countries and its monetary drivers relevant to the two contrasting events - the introduction of Euro in 1999 and banking crisis of GIIPS in 2011. Our panel analysis reports evidence that monetary performance convergence, lower differentials in interest rates and i...
Article
Full-text available
This study explores a foreign bias model to examine if the degree of foreign bias of sovereign wealth fund depends on the spatial spillover effects of cultural distances. Using the spatial panel data of foreign investment by sovereign wealth fund in 2008–2014, we empirically test (1) whether the relationship between return, risk and foreign bias of...
Article
Full-text available
This study empirically analyses how population ageing affects house price using sample data of six metropolitan cities and seven provinces of Korea over the time period from 1990 to 2014. Panel regression results show that economic and demographic factors such as real GRDP per capita and the dependency ratio affect real house prices significantly....
Article
Using a set of individual country-pair data on cross-border equity transactions between seven Asian countries (China, Japan, Korea, Malaysia, Singapore, Thailand, and Australia) in the years 2002–2012, we document that investors are more likely to show similar extent of home bias across Asian emerging markets than the developed markets. The spatial...
Article
This study aims to explore the role of the cross exchange rate as a form of market competition, which has previously been omitted as an explanatory variable in estimating the risk exposure of the standard exchange. To the end, we develop a model of exporting firms that reflects exposure to market interaction and mark-up in a duopolistic export mark...
Article
Full-text available
This paper estimates house price determinants in the Korean housing market, focusing on Seoul and employing the method of a quantile regression of a hedonic price model. With this quantile regression approach, how implicit prices of housing characteristics vary in each quantile of house prices is investigated. The data sample for this paper compris...
Chapter
Full-text available
The objective of this research was to test Tiebout’s (1956) theory of residential segregation without dividing housing observations into submarkets, which causes sample selection bias and degrees-of-freedom problems. To achieve the objective, we used spatial-lag quantile regression along with housing auction data for three Gu (county equivalent in...
Chapter
Full-text available
This chapter studies the dynamics of house prices between the two Korean housing submarkets, a premium market of Kangnam area in Seoul and other provincial markets, and addresses the correlation between house prices, bank lending, and other macroeconomic factors such as income and interest rate during the study period (1999–2011). Unlike the previo...
Article
Full-text available
This study has examined the culture commonality of Northeast Asian countries based on Confucian values, and their relations to institutional economic integration. This study demonstrates that Confucian values inherent in the Northeast Asian countries have served as the cultural ethos for the rapid economic growth of this region since the 1960s and...
Article
This study analyzes the extent to which greenhouse gas (GHG) emissions may be affected by a plan to purchase private forestland for the expansion of carbon sinks, focusing on how changes in forestland ownership affect deforestation and urbanization and how subsequent changes in deforestation and urbanization affect GHG emissions, using South Korea...
Article
Full-text available
This paper studies the abnormal price behavior of Kangnam, a premium (high price) housing submarket in Seoul, Korea, which addresses the correlation between house prices, bank lending, and other factors, including income. Kangnam experienced the most dramatic price escalation during the study period (1999-2009) despite Korean government policies to...
Article
Full-text available
This paper studies the abnormal price behavior of Kangnam, a premium (high price) housing submarket in Seoul, Korea, which addresses the correlation between house prices, bank lending, and other factors, including income. Kangnam experienced the most dramatic price escalation during the study period (1999-2009) despite Korean government policies to...
Article
Full-text available
This paper explores the risk adjusted uncovered equity parity model to investigate a degree of market integration for four Asian emerging markets relative to the U.S., Japan and the U.K. from January 1994 to July 2008. The uncovered equity parity is revised to take into account of market risk in a framework of a portfolio rebalancing model. Evidenc...
Article
This paper explored and tested the risk-adjusted uncovered interest parity model to investigate the degree of capital mobility in the United States, Japan, the United Kingdom, and four East Asian emerging markets relative to China from January 1994 to July 2008. Evidence was found to strongly support our hypotheses; market risk was significant for...
Article
Full-text available
This paper provides a theory and evidence that the risk premium puzzle is viewed as a phenomenon pertaining to the unstable foreign exchange market. In an unstable market, revision error uncompensated by an initial risk premium accrues due to consumer expectation revision about the ex ante uncertainty of the exchange rate. The risk premium widely d...
Article
This paper explores the risk adjusted uncovered interest parity model to investigate the degree of market integration in China relative to the U.S., Japan, the U.K., and four East Asian emerging markets from January 1994 to July 2008. The uncovered interest parity was revised to take into account market risk within the framework of a portfolio reba...
Conference Paper
This paper explores and tests the risk adjusted interest parity model to investigate a degree of capital mobility between the developed and Asia emerging markets in 1994.1.1-2008.7. The uncovered interest parity is revised to take into account of market risk in a framework of a portfolio rebalancing model. Evidence was found to strongly support our...
Article
Full-text available
This research analyzed the effects of forestland conversion from private to public ownership on greenhouse gas emissions by quantifying the relationship between forestland ownership conversion and deforestation, and then examining the effects of the change in deforestation on greenhouse gas emissions in South Korea. Ex ante simulations forecast gre...
Article
Full-text available
This paper provides a theory and evidence that the risk premium puzzle may be viewed mainly as a phenomenon pertaining to the unstable foreign exchange market. In an unstable market, errors uncompensated by an initial risk premium accrue due to consumer expectation revision about the ex ante uncertainty of the exchange rate. These revision errors a...
Article
Full-text available
Over the decades, the traditional condemnation of slavery has been based not only on philosophical argumentation and moral values, but also on the conjecture that slavery was inefficient. This position led to one of the most passionate debates in economic history on the efficiency of the US slave market. This question of efficiency has not been ana...

Network

Cited By

Projects

Project (1)
Project
Works on the determinations of foreign bias of SWF, and its spatial spillover effcts