Do Voters Reward Politicians for Trade Liberalization? Evidence from South Korea

2021 ◽  
Author(s):  
Sung Eun Kim ◽  
Sujin Cha
Keyword(s):  
South Korea ◽  
Trade Liberalization

scholarly journals Impact of Trade Liberalization on Indonesian Export to South Korea, Japan, and China

2020 ◽  
Vol 10 (5) ◽  
Author(s):  
Silva Nur Rizha Fajriyanti ◽  
Rossanto Dwi Handoyo ◽  
Abdul Rahim Ridzuan ◽  
Mohamad Idham Md Razak
Keyword(s):  
South Korea ◽  
Trade Liberalization ◽  
Japan And China

Do Imports Increase Unemployment? Empirical Estimates That Are Not Model Dependent

2021 ◽  
Vol 16 (3) ◽  
pp. 447-469
Author(s):  
Jonathan E. Leightner ◽  
Keyword(s):  
Czech Republic ◽  
New Zealand ◽  
Theoretical Model ◽  
The Netherlands ◽  
South Korea ◽  
Trade Liberalization ◽  
Empirical Results ◽  
Empirical Estimates ◽  
The Us ◽  
The Uk

Some Ricardian models would predict a fall in unemployment with trade liberalization. In contrast, the Heckscher-Ohlin model (Stolper Samuelson Theorem) would predict trade liberalization would cause a fall in wages for labor scarce countries, resulting in greater unemployment if there are wage rigidities. The choice of which theoretical model is used affects the empirical results obtained. This paper produces estimates of the change in unemployment due to a change in imports that are not model dependent. The estimates produced are total derivatives that capture all the ways that imports and unemployment are correlated. I find that unemployment increases with increased imports for Austria, Greece, Japan, Portugal, South Korea, Slovenia, and Sweden, but that unemployment decreases with increased imports for Australia, Belgium, Canada, Czech Republic, Denmark, Estonia, Finland, France, Germany, Hungary, Ireland, Israel, Italy, Latvia, the Netherlands, New Zealand, Norway, Poland, Slovakia, Spain, the UK, and the US.

South Korea's Marginal Intra-Industry Trade and the Choice of Preferential Partners

2004 ◽  
Vol 3 (3) ◽  
pp. 94-116 ◽  
Author(s):  
Hyun-Hoon Lee ◽  
Chan-Hyun Sohn
Keyword(s):  
South Korea ◽  
Trade Liberalization ◽  
Free Trade ◽  
Free Trade Agreement ◽  
Trade Agreement ◽  
Trade Expansion ◽  
Industry Trade

South Korea recently signed a free trade agreement (FTA) with Chile and is currently negotiating or studying bilateral FTAs with about 20 countries. However, some South Koreans oppose such agreements because they fear that trade liberalization would result in costly factor adjustment. Many researchers believe that intra-industry trade expansion generates smaller inter-industry factor adjustment (and therefore lower costs) compared with the costs associated with inter-industry trade expansion. This paper analyzes the extent and nature of intra-industry trade and marginal intra-industry trade in South Korea, to help predict the relative costs it might face upon opening its markets to various countries.

Liberalization of the Agricultural Sector in Northeast Asia: The Effects of the Doha Development Agenda

2004 ◽  
Vol 3 (2) ◽  
pp. 99-122 ◽  
Author(s):  
In Soo Kang ◽  
Yoocheul Song
Keyword(s):  
South Korea ◽  
Trade Liberalization ◽  
Agricultural Sector ◽  
Northeast Asia ◽  
Welfare Gains ◽  
Rice Farmers ◽  
Development Agenda ◽  
Welfare Losses ◽  
Welfare Distribution

Despite its importance, the Doha Development Agenda (DDA) has not been successful so far. Although negotiations about agricultural-sector trade liberalization have been built into the agenda of the DDA, the views of countries within the Cairns group are not easily reconciled with those of non–Cairns group countries. This paper examines the quantitative effects of liberalization of the agricultural sector in Northeast Asia based on the proposal of Stuart Harbinson, chairman of WTO's agriculture negotiating committee. The simulations undertaken here suggest that welfare gains from partial agricultural liberalization would be relatively modest in China (US$59 million), South Korea (US$687 million), and Japan (US$2.4 billion). However, the welfare distribution would be very uneven in South Korea and Japan. Most of the welfare losses would originate from impacts on rice farmers in these two countries, and losses would be politically difficult to accept. If rice were to be treated as a strategic product, the uneven welfare distribution would be considerably mitigated.

Policy implications of trade liberalization: The case of meat products in Taiwan and South Korea

Agribusiness ◽  
1995 ◽  
Vol 11 (4) ◽  
pp. 297-307 ◽  
Author(s):  
Patrick J. Byrne ◽  
Oral Capps ◽  
Reyfong Tsai ◽  
Gary Williams
Keyword(s):  
South Korea ◽  
Trade Liberalization ◽  
Meat Products ◽  
Policy Implications
Sign in / Sign up

Export Citation Format

Share Document