Effects of the ASEAN-Korea Free Trade Agreement on Philippines and Korea Agri-food Trade

• 발행기관: 한국농업경제학회
• 저자명: Lorna Tabali Yong-Kee Lee
• 간행물 정보: 『농업경제연구』57권 1호, 83~109쪽, 전체 27쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2016.03.30

영문 초록

The effects of ASEAN-Korea FTA on the Philippines-Korea agri-food trade is examined using the gravity model, and a trade growth decomposition technique is explored to isolate the net effects of the FTA from the other sources of trade growth. The gravity model is specifically appropriate in analyzing ex post FTA effects since trade growth decomposition can be easily derived, proving the claim of previous literatures regarding the explanatory power of the model. Empirical results show that the ASEAN-Korea FTA has created trade between the Philippines and Korea and contributed to the growth of trade, the extent of which depends on the margin by which tariff is reduced and the substitutability of traded goods. Consequently, the balance of trade between the two countries widened in favor of Philippine agri-food exports due to the wider margin by which import tariff is reduced in Korea.

목차

Ⅰ. Introduction

Ⅱ. The ASEAN-Korea FTA

Ⅲ. Analytical Model

Ⅳ. Empirical Results

Ⅴ. Conclusions

키워드

ASEAN-Korea free trade agreement gravity model trade growth decomposition agri-food industry