- North Korean’s military provocations and nuclear threats are likely to hamper Korean Economic Growth
- Possible Channel : Increased risk lead to Investment, Saving to decrease
- X(N.K. Provocation) (–> X'(Investment, saving(consumption) rate) –> Y(Economic Growth)
- Identification 1 : Measuring the degree of N.K. Provocation by number of articles belong to ‘Provocation/Nuclear threats’ topic (LDA topic model)
- Identification 2 : Causality? VAR may be helpful