Korea’s Participation in Global Value Chains: Measures and Implications
0
조회
0
다운로드
6
인용
0
참고문헌
키워드
초록
This paper measures the extent to which South Korea participated in global value chains (GVCs) from 1995 through 2011 and scrutinizes the consequences of such participation on the Korean economy. To this end, the World Input Output Database is utilized to calculate GVC income, GVC employment, and value-added exports created by Korean and foreign industries. Our findings show that Korea radically internationalized its production activities during the sample period, widening the gap between gross exports and value-added exports. We also document that Korea’s participation in GVCs has changed the value-added and employment structures in domestic industries in accordance with their comparative advantages while exacerbating the degree of wage inequality.
Abstract
This paper measures the extent to which South Korea participated in global value chains (GVCs) from 1995 through 2011 and scrutinizes the consequences of such participation on the Korean economy. To this end, the World Input Output Database is utilized to calculate GVC income, GVC employment, and value-added exports created by Korean and foreign industries. Our findings show that Korea radically internationalized its production activities during the sample period, widening the gap between gross exports and value-added exports. We also document that Korea’s participation in GVCs has changed the value-added and employment structures in domestic industries in accordance with their comparative advantages while exacerbating the degree of wage inequality.
참고문헌 (23)
- Globalization of Production, Industrial Changes, and Productivity Growth, "Ahn, Sanghoon.", KDI, ~, pp.KDI Research Monograph 2006-05 (2006)
- Balassa, Bela, "Trade Liberalisation and ‘Revealed’ Comparative Advantage", The Manchester School, 33(2), pp.99~123 (1965)
- Baldwin, Richard, "Supply-Chain Trade : A Portrait of Global Patterns and Several Testable Hypotheses", The World Economy, 38(11), pp.1682~1721 (2015)
- Daudin, Guillaume, "Who Produces for Whom in the World Economy?", Journal of Economics, 44(4), pp.1403~1437 (2011)
- De Loecker, "Detecting Learning by Exporting", American Economic Journal: Microeconomics, 5(3), pp.1~21 (2013)
- Desai, Mihir A, "Domestic Effects of the Foreign Activities of US Multinationals", American Economic Journal : Economic Policy, 1(1), pp.181~203 (2009)
- Feenstra, Robert C., "Foreign Direct Investment and Relative Wages: Evidence from Mexico’s Maquiladoras", Journal of International Economics, 42(3–4), pp.371~393 (1997)
- Feenstra, Robert C., "The Impact of Outsourcing and High-Technology Capital on Wages: Estimates for the United States, 1979–1990", The Quarterly Journal of Economics, 114(3), pp.907~940 (1999)
- Hummels, David, "The Nature and Growth of Vertical Specialization in World Trade", Journal of International Economics, 54(1), pp.75~96 (2001)
- Johnson, Robert C., "Accounting for Intermediates: Production Sharing and Trade in Value Added", Journal of International Economics, 86(2), pp.224~236 (2012)
- Koopman, Robert, "Tracing Value-Added and Double Counting in Gross Exports", American Economic Review, 104(2), pp.459~494 (2014)
- The World Input-Output Database (WIOD): Contents, Sources and Methods, "Timmer, Marcel P.", WIOD, ~, pp.WIOD Working Paper 10 (2012)
- Timmer, Marcel P., "Slicing Up Global Value Chains", Journal of Economic Perspectives, 28(2), pp.99~118 (2014)
- Timmer, Marcel P., "Fragmentation, Incomes and Jobs : An Analysis of European Competitiveness", Economic Policy, 28(76), pp.613~661 (2013)
- Quantifying International Production Sharing at the Bilateral and Sector Level, "Wang, Zhi", NBER, ~, pp.NBER Working Paper 19677 (2013)
- 국제가치사슬 구조에서 본 산업별 경쟁력 분석 및 정책과제, "김재덕", 산업연구원, ~, pp.산업연구원 연구보고서 2014-701 (2014)
- 박순찬, "서비스 오프쇼링이 제조업에 미치는 영향: 한국을 대상으로", East Asian Economic Review, 13(2), pp.173~201 (2009), 대외경제정책연구원
- 생산의 국제화와 산업구조 및 생산성의 변화, "안상훈", 한국개발연구원, ~, pp.연구보고서 2006-05 (2006)
- 한국과 주요 경제권의 국제 분업구조 변화와 시사점, "윤우진", 산업연구원, ~, pp.Issue Paper 2015-378 (2015)
- 장용준, "한국해외직접투자의 고용효과와 메커니즘 분석", 한국경제연구, 30(1), pp.99~119 (2012), 한국경제연구학회
- 전용식, "산업별 오프쇼링 및 무역량이 임금의 숙련프리미엄에 미치는 영향", 한국경제연구, 31(2), pp.97~132 (2013), 한국경제연구학회
- 글로벌 가치사슬의 관점에서 본 한국의 산업 및 무역정책, "정성훈", 한국개발연구원, ~, pp.정책연구시리즈 2014-15 (2014)
- 정성훈, "중국의 경제구조 변화와 한국의 기회" (2015)