New Southern Policy from the Value-Added Trade Perspective of Korea and China

Jeongho, Yoo; Lee, JunYeop

doi:10.36527/kcsss.17.3.4

Cited by 1 publication

(2 citation statements)

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“…This means that although Korea is developing GVC with NSP countries, it remains at a shallow level that includes simple processing. This can be seen as consistent with the survey results from the existing literature, such as KIEP (2018), Yoo Jeong-Ho and Lee Jun-Yeop (2019). This implies that if production contracts due to COVID-19, Korea's GVC risk may be relatively small regarding the trade with ASEAN nations and India.…”

Section: Evaluation Of Korea's Exports With Gvc Decompositionsupporting

confidence: 87%

“…This has led to the expansion of regional production divisions. Yoo Jeong-Ho and Lee Jun-Yeop (2019) found that ASEAN countries are relatively located in downstream industries, importing capital goods, and exporting consumer goods. From the viewpoint of VA trade, the foreign VA of intermediate goods is relatively high in ASEAN countries.…”

Section: Quantitative Studies On Korea's Gvc With Nsp Countriesmentioning

confidence: 99%

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Increasing Profitability of the Halal Cosmetics Industry using Configuration Modelling based on Indonesian and Malaysian Markets

Dalir¹,

Al-Ansi²,

Rahim³

et al. 2020

J Korea Trade

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Purpose -This paper examines how differently output and input tariffs affect domestic employment across industrial characteristics of comparative advantage such as labor quality and capital intensity. Design/methodology -The paper focuses on 453 Korean industries from 2007 to 2014 because Korea is a typical example of a natural resource-scarce open economy and experienced the transition of the export pattern from labor intensity to technology intensity during this period. Findings -The results show that input tariff reduction stimulated total employment, focusing on the early 2010s, while the effects of output tariff reduction were statistically insignificant in general. However, the stimulation effects of output tariff reduction on employment were found in comparative advantage industries with greater labor quality and capital intensity. As for input tariff reduction, its stimulation effects on employment were more prominent in comparative disadvantage industries with lower labor quality and capital intensity. Originality/value -These results provide significant implications for natural resource-scarce open economies which are experiencing the transition of the export pattern from labor intensity to technology intensity and the unequal distribution of income after trade liberalization: imported intermediate inputs has become increasing important, leading to trade effects on employment and alleviation of income inequality.

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Section: Evaluation Of Korea's Exports With Gvc Decompositionsupporting

confidence: 87%

Section: Quantitative Studies On Korea's Gvc With Nsp Countriesmentioning

confidence: 99%