Korea’s Trade Intensity with China and Its Changes Over Time
0
조회
0
다운로드
1
인용
0
참고문헌
키워드
초록
This paper aims to analyze how Korea’s trade intensity with China changed over time for the period of 2003-2008. For this purpose, we measured the trade intensity index, the trade complementarity index, and the special country bias index between Korea and China through the trade intensity index model which was developed by Yamazawa (1970). The OECD trade matrix was used as data. It was found that Korea’s trade intensity with China increased from 7.32 in 2003 to 9.64 in 2008 due to (a) increase in Korea’s special country bias with China from 6.06 in 2003 to 8.24 in 2008 and (b) decrease in Korea’s trade complementarity with China from 1.21 in 2003 to 1.17 in 2008. Therefore Korea’s special country bias with China should further be enhanced by (a) increasing capital movements and economic cooperation and (b) reducing discriminatory tariffs and other import restrictions between Korea and China. In this respect, FTA discussion between China and Korea, in which the Chinese government is quite interested, should be started soonest as possible.
Abstract
This paper aims to analyze how Korea’s trade intensity with China changed over time for the period of 2003-2008. For this purpose, we measured the trade intensity index, the trade complementarity index, and the special country bias index between Korea and China through the trade intensity index model which was developed by Yamazawa (1970). The OECD trade matrix was used as data. It was found that Korea’s trade intensity with China increased from 7.32 in 2003 to 9.64 in 2008 due to (a) increase in Korea’s special country bias with China from 6.06 in 2003 to 8.24 in 2008 and (b) decrease in Korea’s trade complementarity with China from 1.21 in 2003 to 1.17 in 2008. Therefore Korea’s special country bias with China should further be enhanced by (a) increasing capital movements and economic cooperation and (b) reducing discriminatory tariffs and other import restrictions between Korea and China. In this respect, FTA discussion between China and Korea, in which the Chinese government is quite interested, should be started soonest as possible.
참고문헌 (9)
- Balassa, B., "Trade Liberalization and Revealed Comparative Advantages", The Manchester School of Economic and Social Studies, 33, pp.91~123 (1965)
- Caves, R. E., "Scale Economies in Statistical Analyses of Market Power", Review of Economics and Statistics, 7, pp.133~140 (1975)
- Helpman, E., "Market Structure and Foreign Trade: Increasing Returns, Perfect Competition, and the International Economy" (1985), MIT Press
- Kim, S.J, "Pure Trade Theory" (2004), Yulgok Books Co
- Kim, S.J., "Changes in Trade Intensity Between Korea and the Major EU Countries in the Manufacturing Sector", Journal of Contemporary Eureoean Studies, 27(1), pp.51~88 (2009)
- Krugman, P. R., "Increasing Returns, Monopolistic Competition and International Trade", Journal of International Economics, 9, pp.469~479 (1979)
- Ministry of International Trade and Industry, Government of Japan., "White Paper on International Trade" (1986), Governmentof Japan
- OECD, "International Trade by Commodity Statistics" (2011), OECD
- Yamazawa, I, "Intensity analysis of world trade flow", Hitotsubashi Journal of Economics, 10, pp.61~90 (1970)