Date of Submission
Campus Only Senior Thesis
Bachelor of Arts
© 2022 Byoungjoon Bae
This paper attempts to analyze the effects of the China shock on the North Korean economy using a shift-share instrumental variable approach. Before China's accession to the WTO, there is some evidence that provinces and counties that were more active in exporting to China experienced more growth. After China's accession to the WTO, provinces that increased Chinese exports by a larger amount than others experienced less growth, while counties that increased Chinese imports by more than others experienced more growth. Such trends could be evidence that North Korea's economy has become more vulnerable since China joined the WTO. Also, the China shock exerted a disproportionately large impact on the economy of Pyongyang.
Bae, Byoungjoon, "North Korea’s China Shock" (2023). CMC Senior Theses. 3150.
This thesis is restricted to the Claremont Colleges current faculty, students, and staff.