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Policy Analyses
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FTAs between Korea and Major Trading Partners and Their Policy Implications
Chile was Koerea갽s first choice for an FTA partner after the Korean government갽s decision to promote FTA. Until now, Korea갽s FTA partners are small and midium sized countries except Japan. However,..
Moonsung Kang et al. Date 2004.12.30
Free tradeDownloadContentSummaryChile was Koerea갽s first choice for an FTA partner after the Korean government갽s decision to promote FTA. Until now, Korea갽s FTA partners are small and midium sized countries except Japan. However, FTAs with major trading partners should be pursued based on their economic and political effects on Korea. (The rest is omitted.) -
Korea-U.S. FTA: Trade and Investment Creation Effects and Trade Structure
In this book, we analyze how a Free Trade Agreement (FTA) between Korea and the United States affects bilateral trade and foreign direct investment (FDI). In addition, we also explore the trade structure between Korea and the Unit..
Soon-Chan Park et al. Date 2004.12.30
Economic openingDownloadContentSummaryIn this book, we analyze how a Free Trade Agreement (FTA) between Korea and the United States affects bilateral trade and foreign direct investment (FDI). In addition, we also explore the trade structure between Korea and the United States. (The rest is omitted.) -
Japan-Korea Free Trade Agreement: Policy Implications and Effects on the Domestic Parts Industry
This study conducts a quantitative research on implications of a Japan-Korea Free Trade Agreement, looking at some possible vulnerabilities involving the parts industries of electric, electronics, and machinery, and to suggest a l..
Hongbae Lee et al. Date 2004.12.30
Economic cooperation, Free tradeDownloadContentSummaryThis study conducts a quantitative research on implications of a Japan-Korea Free Trade Agreement, looking at some possible vulnerabilities involving the parts industries of electric, electronics, and machinery, and to suggest a list of effects that would be generated by an elimination of customs at the signing of the agreement. (The rest is omitted.) -
Korean firms invested in China: Survey of management practices and implications
Korean firms' FDI into China has been increasing rapidly since 2001. The main features of Korean FDI into China can be summarized as being more manufacturing oriented, and having a high ratio of SMEs and relatively small investmen..
Man Soo Jee et al. Date 2004.12.30
Economic cooperation, Overseas direct investmentDownloadContentSummaryKorean firms' FDI into China has been increasing rapidly since 2001. The main features of Korean FDI into China can be summarized as being more manufacturing oriented, and having a high ratio of SMEs and relatively small investment size. (The rest is omitted.) -
North Korea's Price Management and Commercial Distribution System: Current Status and Reform Tasks
North Korea's commerce system supplies goods such as daily necessities to the public. North Korean workers are paid in cash for their labor according to quality and quantity. Citizens use their salaries to purchase food and goods ..
Date 2004.12.30
North Korean economyDownloadContentSummaryNorth Korea's commerce system supplies goods such as daily necessities to the public. North Korean workers are paid in cash for their labor according to quality and quantity. Citizens use their salaries to purchase food and goods at state-run stores at official prices. Formerly, official prices applied to all goods sold to the public. However, in July 2002, the government steeply raised official prices, and changes have followedin many areas. While some changes have been positive, such as greater profit-seeking in economic management and the possibility of earning additional income, other changes have been negative, including public discontent and surging black-market prices caused by supply and demand imbalances. These are the main problems currently faced by North Korea's commerce and distribution sector. (The rest is omitted.) -
Changes in the Beef Market after Import Liberalization: Analysis and Implication
The importing of beef was liberalized through imposing a tariff in 2001 which shifted from a quota since the conclusion of the UR in 1994. With the opening of a beef market, livestock farms and farmers' groups were concerned that ..
Ji Hyun Park Date 2004.12.30
Economic opening, Free tradeDownloadContentSummaryThe importing of beef was liberalized through imposing a tariff in 2001 which shifted from a quota since the conclusion of the UR in 1994. With the opening of a beef market, livestock farms and farmers' groups were concerned that damages from liberalization would grow serious and their breeding bases would eventually collapse. In other words, they argued that the liberalization of a beef market would result in: 1) the reduction of farmers' income due to the decreasing price of beef; 2) the collapse of a breeding base due to the reduction in production; and 3) the increase in imports and the decrease in the self-sufficiency rate. (The rest is omitted.) -
The Benefits and Challenges of Opening Distribution Service Market: Restructuring the Korean Retail Market
Korea has put considerable efforts in liberalizing its service sector since joining the OECD and restructuring under the IMF. However, the Korean service market is not sufficiently liberalized compared to other developed or develo..
Jun Gu Kang Date 2004.12.30
Economic opening, Industrial policyDownloadContentSummaryKorea has put considerable efforts in liberalizing its service sector since joining the OECD and restructuring under the IMF. However, the Korean service market is not sufficiently liberalized compared to other developed or developing countries, which can lead to a high possibility of shock to the Korean economy in general if there is further liberalization after the DDA negotiation. It might be useful to learn from the case study of successful restructuring in the service sector facing market opening. This paper studies the distribution service in Korea which was substantially liberalized in 1996 while other service sectors were relatively kept intact. (The rest is omitted.) -
An Analysis on the Change in the Industrial Competitiveness of Mexico after its Membership to the NAFTA
Mexico has been accelerating economic reform and liberalization through the NAFTA, which had taken an effect in January 1, 1994, while achieving stable economic growth. Since its membership to the NAFTA, Mexico has experienced a s..
Boo Young Eom et al. Date 2004.12.30
Economic integration, Free tradeDownloadContentSummaryMexico has been accelerating economic reform and liberalization through the NAFTA, which had taken an effect in January 1, 1994, while achieving stable economic growth. Since its membership to the NAFTA, Mexico has experienced a substantial growth of trade, which became a basis for its continuous economic growth irrespective of its unstable political and economic conditions. (The rest is omitted.) -
Rules of Origin in Free Trade Agreements and Their Implications
The rules of origin (ROO) play a major role in the international trading system and constitute an indispensable component of any discriminatory arrangements. The accelerated proliferation of both preferential agreements and select..
Ho Kyung Bang Date 2004.12.30
Economic opening, Free tradeDownloadContentSummaryThe rules of origin (ROO) play a major role in the international trading system and constitute an indispensable component of any discriminatory arrangements. The accelerated proliferation of both preferential agreements and selective restrictive measures indicates that the importance of ROO is expected to increase in the coming years. (The rest is omitted.) -
Saving, Investment and International Capital Mobility in East Asia
This project evaluates the degree of international capital mobility in East Asia. In particular, we investigate whether the East Asian countries have fully utilized increased capital mobility in recent years as intended by the ser..
Soyoung Kim et al. Date 2004.12.30
Capital marketDownloadContent1. Introduction
2. Literature Survey
2.1. Empirical Overview
2.2. Theoretical Overview
3. Data and Empirical Methodology
4. Empirical Results
4.1. Stylized Facts
4.2. Estimation Results
5. Conclusion and Policy ImplicationsSummaryThis project evaluates the degree of international capital mobility in East Asia. In particular, we investigate whether the East Asian countries have fully utilized increased capital mobility in recent years as intended by the series of policies toward financial market liberalization. Among numerous measures that have been used to evaluate the degree of international capital mobility, we use the relationship between saving and investment, in particular, saving-investment correlation. Saving-investment correlation measures how much national investment is financed by foreign capital. Under perfect capital mobility, national saving and national investment should not be correlated as agents look for worldwide investment and saving opportunities regardless of the nationality of capital. Therefore, a high correlation between national saving and investment would imply a low degree of capital mobility. (The rest is omitted.)

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