Has South Korea Really Benefited from FTAs?: A Gravity Model Estimation
Küçük Resim Yok
Tarih
2022
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Inst Korean Studies
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
This study aims to reveal the actual effect of FTAs on South Korea's foreign trade volumes of main export and import products separately. The econometric approach of our study follows the gravity model with a panel dataset of 47 countries that have FTA with South Korea for the years between 2001-2018 by using 2-digit HS (Harmonized System) classification for main export and import goods. The study reveals that even though signing the FTA affects positively the trade volume of South Korea and partner countries, the export of South Korea is affected positively only for the base metals & articles products while the import of South Korea increases for mineral products, chemical or allied industries products and machinery & mechanical appliances after the FTAs entered into force. Our findings contribute to the literature by ascertaining a new estimation model and original empirical results for South Korean trade policy makers.
Açıklama
Anahtar Kelimeler
FTA, South Korea Foreign Trade, Gravity Model, Poisson Pseudo Maximum Likelihood
Kaynak
Korea Observer
WoS Q Değeri
Q4
Scopus Q Değeri
Q2
Cilt
53
Sayı
2
