FIGURE 1. DAILY KOSPI 200 AND VKOSPI
FIGURE 2. THE TREND OF THE GROWTH RATE OF PRODUCTIVITY
FIGURE 3. DAILY S&P 500 AND VIX
FIGURE 4. DAILY CHANGES IN THE S&P 500 AND THE VIX
FIGURE 5. DAILY OBSERVATIONS OF THE INTEGRATED VOLATILITY AND
FIGURE 6. DAILY OBSERVATIONS OF THE INTEGRATED VOLATILITY AND
FIGURE 7. VOLATILITY FUNCTIONS OF THE INTEGRATED VOLATILITY FOR KOREA AND THE US
TABLE 1—PARAMETER ESTIMATES FOR THE UNIVARIATE CEV MODEL FOR VKOSPI AND VIX
TABLE 2—SUMMARY STATISTICS
TABLE 3—SUMMARY STATISTICS
TABLE 4—MAXIMUM LIKELIHOOD ESTIMATION RESULTS OF STOCHASTIC VOLATILITY MODELS FOR KOREA AND THE US
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