Korea’s Patterns of Trade

• 발행기관: 서울대학교 경제연구소
• 저자명: Jean Imbs Laurent L. Pauwels
• 간행물 정보: 『Seoul Journal of Economics』Seoul Journal of Economics Volume 33 No.3, 333~354쪽, 전체 22쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2020.08.30

영문 초록

Imbs and Pauwels (2020) introduce a measure of openness based on indirect trade. This paper illustrates the differences in the Korean patterns of trade when openness is measured using conventional measures based on direct trade, and when it is measured using this measure of indirect trade, labeled Export Intensity (EI). According to EI, the Republic of Korea (Korea) has been following an upward trend in openness since 2000 and even after 2010. This stands in contrast with most other large trading countries, including China and Germany. We show this is a reflection of Korea’s integration with a few partner economies, most notably China. Vertical integration is considerable between Korea and China, in manufacturing and in services alike. The extent of this integration would be invisible on the basis of conventional measures of openness.

목차

I. Introduction

II. Measuring Indirect Trade

III. Korea’s Patterns of Trade

IV. Conclusion

References

키워드

High Order Trade Republic of Korea Trade partners Sectors