Jin Suk Park

• PhD
• Professor (Associate) at Coventry University

This study reveals the economic impact of seaports on regions in Korea. Econometrics analysis employing an augmented Solow model is conducted based on the panel data covering all the regions of Korea over the period 2000-2013. The econometrics analysis shows that cargo ports without sufficient throughput obstruct regional economic growth, whilst ca...

This paper examines the impact of hedging and speculative pressures on the transition of the spot-futures relationship in metal and energy markets. We build a Markov regime switching (MRS) model where hedging and speculative pressures affect the transition probabilities between a stronger and weaker spot-futures relationship. It is found that hedgi...

The role of seaports in regional employment: evidence from South Korea. Regional Studies. This study examines the seaport’s influence on regional employment in all 16 regions of Korea, including seven metropolitan areas, based on panel data between 2002 and 2013. It expands an economic model of regional unemployment from labour economics and an aut...

Organizational resilience is defined as a firm’s capacity to survive, adapt, and grow in the face of disasters and crises. Tourism firms often show different resilience outcomes due to heterogeneous resources they have. From a resource-based view, tourism firms can enhance their level of capabilities by utilizing slack resources, like a cushion of...

This study identifies the indicators of sector-level time-series predictability. The results show that investors can expect higher predictability in the more volatile sectors. In the developed markets, price down-trends, lower trading volume, and higher dividend yields indicate stronger predictability. The cyclical and sensitive super-sectors becom...

Free trade agreements (FTAs) can ignite domestic conflicts between export‐ and import‐competing industries over trade gains. However, if the factors of production, such as capital and labour, move freely across industries, the returns to factor owners will quickly converge. Then, sectoral conflicts over FTAs will be less likely to arise. We analyse...

This study investigates the determinants of short-run predictability in international stock markets, where predictability is defined as the accuracy of the best-combined daily forecasts. Contrary to popular belief, illiquid markets, characterized by high transaction costs and large price impact, are not necessarily highly predictable. Instead, mark...

Accumulated evidence on the positive role of transport infrastructure has been fragmentally reported as an individual type of transport infrastructure-for example, roads, highways, railways, seaports and airports. Relatively few studies have compared the role of different types of transport infrastructure simultaneously. This study attempts to exam...

This study examines the relationship between trade intensity and three stock market phenomena: asymmetric volatility, spillovers and asymmetric spillovers between the US and 74 international stock markets. The evidence is provided based on the cross-market models using the various measures from multivariate volatility models and the spillover indic...

This study reassesses the common belief that terrorist attacks destabilize financial markets, by analyzing event studies covering 10,576 individual attacks and 141,665 nonattack days across 72 stock and foreign exchange markets in 36 countries from 1996 to 2015. The meta-analysis reveals that terrorist attacks have almost no impact on stock markets...

Terminal scale has been the subject of discrete episodes of hotly contested policy debates. From the perspective of port authorities or governments, knowing the Minimum Efficient Scale (MES) is salient, because they sometimes determine the port development or expansion based on the port capacity or the existing size of the terminal. Notwithstanding...

This article investigates how the duration of a regime (i.e., the length of stability) affects the likelihood of a permanent structural break by devising the duration dependence in structural break method, which combines a structural break test and a duration dependence test. First, the locations of structural breaks are identified by Bai and Perro...