About

Daisoon Kim, Ph.D., is an Assistant Professor of Economics at NC State University, originally from the Republic of Korea. His research focuses on international macroeconomics, international trade, and macroeconomics fields. He received his doctorate degree in economics from the University of Washington in 2019, where he also taught courses as a graduate student. Prior to his current role, he was a research fellow at the London Business School in the United Kingdom. His academic background includes a Master of Arts in Economics from Sogang University in Seoul, Korea, and a Bachelor of Arts in Philosophy from the same institution. Kim's work involves analyzing macroeconomic and trade issues on an international scale, contributing to the understanding of global economic dynamics.

Research topics

• Economics
• Macroeconomics
• Econometrics
• Political Science
• Monetary economics
• Microeconomics
• Financial system
• International economics
• Finance

Selected publications

• Multinational investment activity under policy uncertainty in host and competing countries

  Journal of International Economics · 2026-03-17

  articleOpen access1st authorCorresponding

  This paper examines how economic policy uncertainty (EPU) in host and competing countries reshapes U.S. multinationals’ greenfield foreign direct investment (FDI). Using firm-destination level data from 2003 to 2021, we show that while host-country EPU deters investment, EPU in competing destinations attracts it through a spillover effect. We document a structural shift around 2015: as global EPU rose unevenly, the spillover effect from competitors became the dominant driver of investment decisions, supplanting the direct effect of host-country policy instability. Our findings indicate that in an era of heightened global uncertainty and risk, FDI allocation is governed by relative, not just absolute, policy stability. • Host-country policy uncertainty deters FDI, while competitor uncertainty attracts it. • Relative policy stability, rather than absolute levels, governs FDI flows recently. • A structural shift after 2015 made competitor uncertainty the dominant driver of FDI.

  PublisherDOI

• Parental Leave Policies, Fertility, and Labor Supply

  SSRN Electronic Journal · 2025-01-01 · 1 citations

  preprintOpen access1st authorCorresponding
  PublisherDOI

• International trade and macroeconomic dynamics with sanctions

  Journal of Monetary Economics · 2025-07-25 · 4 citations

  articleOpen accessCorresponding

  We develop a framework combining dynamic, intertemporal choices of general-equilibrium macro models with microfoundations of modern trade theory to study sanctions. In a two-country, two-sector setup, Home holds a comparative advantage in producing differentiated consumption goods via heterogeneous firms with endogenous entry, while Foreign in homogeneous intermediate goods from a fixed number of firms. Sanctions include trade bans and financial restrictions excluding particular Foreign agents from markets. In our model, sanctions reallocate resources across and within countries, affecting production, exchange rates, and welfare, with larger welfare losses when targeting sectors of comparative disadvantage. Focusing only on long-run outcomes, overlooking initial dynamics, inaccurately assesses welfare impacts. Sanctions weaken international comovement and fragment markets but leave business cycles intact. • A framework to study the effects of sanctions which are designed as forced exits at extensive margin. • Sanctions generate producer recomposition, impacting the exchange rate, welfare, and business cycle comovements. • Sanctions cause profound welfare losses if they target sectors with comparative disadvantage. • Overlooking adjustment periods mismeasures the true welfare impacts of sanctions. • Sanctions fragment global comovements but minimally affect within-country business cycles.

  PublisherDOI

• Investment Giants in Emerging Markets

  SSRN Electronic Journal · 2025-01-01

  articleOpen access1st authorCorresponding
  PublisherDOI

• Trade Search Frictions: Public Information, Exports, and Concentration

  SSRN Electronic Journal · 2024-01-01

  preprintOpen accessSenior author
  PublisherDOI

• Home market effects and increasing returns with non-constant marginal costs

  Journal of Economic Geography · 2024-08-19 · 3 citations

  article

  Abstract We reexamine the role of increasing returns in production, central to trade and economic geography theories, focusing on the home market effect. We extend the conventional multi-industry new trade model to introduce (1) nonconstant marginal costs and (2) nonhomothetic production in factors. If factors that are more (less) intensively used in fixed costs than variable costs also have higher relative prices in large countries compared to small countries, then large countries exhibit larger (smaller) firm sizes and specialize in industries with decreasing (increasing) marginal costs. Notably, different levels of fixed costs have a limited impact on these patterns.

  PublisherDOI

• International Economic Sanctions and Third-Country Effects

  IMF Economic Review · 2024 · 32 citations

  • Political Science
  • Economics
  • International economics
  PublisherDOI

• International Trade and Macroeconomic Dynamics with Sanctions

  National Bureau of Economic Research · 2024-03-01 · 3 citations

  reportOpen access

  We study international trade and macroeconomic dynamics triggered by the imposition of sanctions.We begin with a tractable two-country model where Home and Foreign countries have comparative advantages in production of differentiated consumption goods and a commodity (e.g., gas), respectively.Home imposes sanctions on Foreign.Financial sanctions exclude a fraction of Foreign agents from the international bond market.Gas sanctions take the form of a ban on gas trade, equivalent to an appropriate price cap in our model.Differentiated goods trade sanctions exclude a fraction of Foreign and Home exporters from international trade.All sanctions lead to resource reallocation in both economies.Exchange rate movements reflect the direction of reallocation and the type of sanctions imposed rather than the success of the sanctions.Welfare analysis shows that gas sanctions are more costly for Home, while differentiated consumption goods trade sanctions are more costly for Foreign.A third country that refrains from joining the sanctions mitigates welfare losses in Foreign, but refraining from joining the sanctions is beneficial for the third country.These findings highlight the importance and the difficulty of international coordination when imposing sanctions.

  PublisherDOI

• Heterogeneous Market Structure and International Trade Patterns

  SSRN Electronic Journal · 2024-01-01

  preprintOpen access
  PublisherDOI

• A Model of Entry, Exit, and Endogenous Productivity Dispersion

  SSRN Electronic Journal · 2024-01-01

  preprintOpen access1st authorCorresponding
  PublisherDOI

Frequent coauthors

• Hélène Rey

  London Business School

  5 shared

• Mishita Mehra

  4 shared

• Yoon Soo Lee

  3 shared

• Sang-Ha Yoon

  Korea Institute for International Economic Policy

  2 shared

• Yaein Baek

  Korea Institute for International Economic Policy

  2 shared

• Wontae Han

  2 shared

• Fabio Ghironi

  University of Washington

  2 shared

• Galip Kemal Ozhan

  2 shared

Education

• Ph.D. in Economics, Department of Economics

  University of Washington

  2019