본문 바로가기
KERD
논문KCI 등재

Korea’s Tied Aid for Export and Competition with China

2

조회

0

다운로드

1

인용

0

참고문헌

키워드

주제분류경제학

초록

This paper investigates the new link between the export-creating effects of Korea’s tied aid and the export-diverting effects coming from China’s export expansion, which have been rarely explored by the existing studies. A panel data consisting of 98-104 aid recipients of Korea through the period of 1995-2009 shows that the net export-creating effects are weaker at the export destinations where the export competition between Korea and China is fierce, while they are stronger at the export markets where it is not so severe. These findings applies to consumption goods rather than capital and intermediate goods.

Abstract

This paper investigates the new link between the export-creating effects of Korea’s tied aid and the export-diverting effects coming from China’s export expansion, which have been rarely explored by the existing studies. A panel data consisting of 98-104 aid recipients of Korea through the period of 1995-2009 shows that the net export-creating effects are weaker at the export destinations where the export competition between Korea and China is fierce, while they are stronger at the export markets where it is not so severe. These findings applies to consumption goods rather than capital and intermediate goods.

참고문헌 (36)

  1. Anderson, J. E., "A Theoretical Foundation for the Gravity Equation", American Economic Review, 69(1), pp.106~116 (1979)
  2. Anderson, J. E., "Gravity with Gravitas: A Solution to the Border Puzzle", American Economic Review, 93(1), pp.170~192 (2003)
  3. Bergstrand, J. H., "The Gravity Equation in International Trade: Some Microeconomic Foundations and Empirical Evidence", Review of Economics and Statistics, 67(3), pp.474~481 (1985)
  4. Brun, Jean-Francois, "Has Distance Died? Evidence from a Panel Gravity Model", World Bank Economic Review, 19(1), pp.99~120 (2005)
  5. Aid, Shocks, and Growth, "Collier, P.", World Bank, ~, pp.Working Paper 2688 (2001)
  6. Dixit, A. K., "Monopolistic Competition and Optimum Product Diversity", American Economic Review, 67(3), pp.297~308 (1977)
  7. Egger, P., "The proper panel econometric specification of the gravity equation: A three-way model with bilateral interaction effects", Empirical Economics, 28(3), pp.571~580 (2003)
  8. Eichengreen, B., "China and the Exports of Other Asian Countries", Review of World Economics, 143(2), pp.201~226 (2007)
  9. Finger, J. M., "A Measure of Export Similarity and its Possible Uses", Economic Journal, 89(356), pp.905~912 (1979)
  10. Flam, H., "Vertical Product Differentiation and North-South Trade", American Economic Review, 77(5), pp.810~822 (1987)
  11. Greenaway, D., "Has China displaced other Asian countries’ exports?", China Economic Review, 19(2), pp.152~169 (2008)
  12. Hallak, J. C., "Product Quality and the Direction of Trade", Journal of International Economics, 68(1), pp.238~265 (2006)
  13. Ianchovichina, E., "Impact of China’s WTO accession on East Asia", Contemporary Economic Policy, 23(2), pp.261~277 (2005)
  14. Kemp, M. C., "Aid Tied to the Donor’s Exports", Pacific Economic Review, 10(3), pp.317~322 (2005)
  15. Kemp, M. C., "Tied Aid and the Paradoxes of Donor-Enrichment and Recipient-Impoverishment", International Economic Review, 26(3), pp.721~729 (1985)
  16. Kemp, M. C., "Paradoxes associated with the administration of foreign aid", Journal of Development Economics, 42(1), pp.197~204 (1993)
  17. 김종섭, "Effects of Consumer SConsumer S Consumer S Consumer SConsumer Sophistication ophistication on on Export C Export CExport C ompetition ompetition ompetition ompetition between Korea and China between Korea and China between Korea and China between Korea and China", Korea and the World Economy, 13(1), pp.99~113 (2012), 한국경제연구학회
  18. Lall, S., "China’s competitive performance: a threat to East Asian manufactured exports?", World Development, 32(9), pp.1441~1466 (2004)
  19. Lall, S., "China’s Competitive Threat to Latin America: An Analysis for 1990-2002", Oxford Development Studies, 33(2), pp.163~194 (2005)
  20. Lambert, Z. V., "Price and Choice Behavior", Journal of Marketing Research, 9(1), pp.35~40 (1972)
  21. 이계우, "한국의 공적개발원조 20년의 평가", 한국개발연구, 29(2), pp.41~74 (2007), 한국개발연구원
  22. Lloyd, T. A., "Does Aid Create Trade? An Investigation for European Donors and African Recipients", European Journal of Development Research, 12(1), pp.107~123 (2000)
  23. Martinez-Zarsoso, I., "Augmented Gravity Model: An Empirical Application to Mercosur-European Union Trade Flows", Journal of Applied Economics, 6(2), pp.291~316 (2003)
  24. Martinez-Zarzoso, I., "Does German Development Aid Promote German Exports?", German Economic Review, 10(3), pp.317~338 (2009)
  25. McGillivray, M., "Aid and Trade Relationships in East Asia", World Economy, 21(7), pp.981~995 (1998)
  26. Minondo, A., "Exports’ quality-adjusted productivity and economic growth", Journal of International Trade and Economic Development, 19(2), pp.257~287 (2010)
  27. Economic Effects of Korea-China FTA and the Main Issues, "Nam, Y. S.", Korea Institute for International Economic Policy, ~, pp.Joint Research Series on FTA Issues 04-07 (2004)
  28. Does Aid Cause Trade? Evidence from an Asymmetric Gravity Model, "Nelson, D.", University of Nottingham, ~, pp.Working Paper 2008 (2008), 21
  29. Nilsson, L., "Aid and Donor Exports: The Case of the EU Countries, in: Essays on North-South Trade", Lund Economic Studies, 70, pp.45~77 (1997)
  30. Osei, R., "The Nature of Aid and Trade Relationships", European Journal of Development Research, 16(2), pp.354~374 (2004)
  31. Tied Aid, Trade-Facilitating Aid or Trade-Diverting Aid?, "Pettersson, J.", Uppsala University, ~, pp.Working Paper 2009:5 (2009)
  32. Schott, P. K., "Across-Product Versus Within-Product Specialization in International Trade", Quarterly Journal of Economics, 119(2), pp.647~678 (2004)
  33. Schweinberger, A. G., "On the Welfare Effects of Tied Aid", International Economic Review, 31(2), pp.457~462 (1990)
  34. Sohn, C. H., "Does the Gravity Model Explain South Korea’s Trade Flows?", Japanese Economic Review, 56(4), pp.417~430 (2005)
  35. Wagner, D., "Aid and trade-an empirical study", Journal of the Japanese and International Economies, 17(2), pp.153~173 (2003)
  36. Young Man Yoon, "Trade Structures and Relations among China, Japan, and Korea", Korea and the World Economy, 8(1), pp.121~145 (2007), 한국경제연구학회

관련 논문AI추천

이 간행물의 다른 논문 (3건)