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Working Papers
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Major Western Countries' Strategies for Economic Cooperation with Russia and Implications
Je-Hoon Park Date 1993.10.22
Economic cooperation -
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An Analysis of Foreign Investment Inducement Policy and the Laws of Vietnam
Yul-Kwon Date 1993.10.09
Foreign direct investment, Overseas direct investment -
Structural Changes in Korea`s Export and the Role of the EC Market
It is generally acknowledged that international trade flow is determined by the comparative advantage of relative factor endowments in different countries. The purpose of this paper is to test the factor proportion hypothesis in t..
Chung-Ki Min Date 1993.10.01
Trade policyDownloadContentContents
I. Introduction
II. Changes in Comparative Advantage Towards Countries
III. Factor Endowment and Korea's Comparative Advantage
IV. Dynamic Changes in Korea's Comparative Advantage
V. The Role of the EC in Korea's Export Industries
VI. Concluding Remarks
〈References〉
SummaryIt is generally acknowledged that international trade flow is determined by the comparative advantage of relative factor endowments in different countries. The purpose of this paper is to test the factor proportion hypothesis in trade theory on Korea's manufacturing exports and to differentiate these export patterns towards Korea's major trading partners, i.e the U.S., EC, Japan, EFTA, and ASEAN. In addition, this paper will also analyze the role of the EC market in Korea's changing comparative advantage during 1978-1991.
To analyze the structural changes in Korean exports, 81 manufactured commodities classified by the 2-digit level of HS were employed, since Korean exports consist mostly of manufactured goods. Comparative advantage of a given country has been conventionally defined in terms of relative export performance, while neglecting imports which are greatly affected by protectionist policies.
The analysis is based on three testing procedures. First, section Ⅱ of this paper discusses how to measure comparative advantage, and by using the measurement method in this section, describes the changes in Korean export patterns towards its major trading partners. The factor intensities of each export industry are measured within the framework of the factor proportion theory. The structural changes in each trading partner's comparative advantage are estimated in section Ⅲ. Using the same regression method, the role of the EC market in time-variation of Korea's comparative advantage is estimated in section Ⅳ. -
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A Study on Sino-Korean Environmental Cooperation
The Chinese economy has grown rapidly through reform and the introduction of an open-door policy in 1978, recording 12.8 percent growth in 1992. This paper summarizes the features of the Chinese economy, including high growth, per..
Co-authors Date 1993.09.28
Environmental policyDownloadContentSummaryThe Chinese economy has grown rapidly through reform and the introduction of an open-door policy in 1978, recording 12.8 percent growth in 1992. This paper summarizes the features of the Chinese economy, including high growth, periodic fluctuations of economic growth and the balance of payments.
This paper maintains that rapid growth has led to a number of environmental problems. Industrialization has let to increased emissions, especially in industries such as heavy chemicals, metalwork, construction and manufacturing. Since newly industrialized facilities are located in coastal districts, its pollutive emissions have negative consequences for neighboring countries. Moreover, the structure of energy consumption of China is coal-oriented, resulting in the high production of pollution waste. -
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Recent Stagnation of the World Economy and Its Implications for the Korean Economy
Co-authors Date 1993.09.18
Economic outlook -
Reform of the Commodity Distribution System in Russia
Chan-Hyeok Yoon Date 1993.09.17
Industrial policy
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