SHERP

Korea's Bilateral Trade with Japan and the United States : A Comparative Study

Cited 0 time in webofscience Cited 0 time in scopus
Authors
Kim, Taegi; Kim, HongKee
Issue Date
1999
Publisher
Seoul Journal of Economics
Citation
Seoul Journal of Economics 12 (No. 3 1999): 239-256
Keywords
Korea trade structure; total trade growth; price elasticities
Abstract
This paper examines the development of Korea's trade structure with Japan and the United States over the past 30 years. Three aspects of the trade structure are investigated: changes in trade patterns, changes in the decomposition of total trade growth, and import and export elasticities. We find that there are major differences between Korea's trade with Japan and Korea's trade with the United States: Korea's intra-industry trade with Japan is higher than that with the United States. The contribution of intra-industry trade to Korea's total trade growth has increased over time. The trade pattern of Korea with Japan has become more similar to that with the U.S. in terms of intra-industry trade while it has diverged from it in terms of inter-industry trade. Also, Korea's import and export price elasticities are larger for trade with the United States than for trade with Japan.
ISSN
1225-0279
Language
English
URI
http://hdl.handle.net/10371/1159
Files in This Item:
Appears in Collections:
College of Social Sciences (사회과학대학)Institute of Economics Research (경제연구소)Seoul Journal of EconomicsSeoul Journal of Economics vol.12(3) (Fall 1999)
  • mendeley

Items in S-Space are protected by copyright, with all rights reserved, unless otherwise indicated.

Browse