Korea Trade Review (무역학회지)

Korea Trade Research Association (한국무역학회)
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Determinants of Trade in Services of Korea, China and Japan

한·중·일 서비스무역의 결정요인 분석

  • Choi, Bo-Young (School of Economics & Trade, Kyungpook National University) ;
  • Bang, Ho-Kyung (Division of Development Research, Center for International Development, Korea Development Institute)
  • 최보영 (경북대학교 경제통상학부) ;
  • 방호경 (한국개발연구원 국제개발협력센터 개발연구실)
  • Received : 2019.11.15
  • Accepted : 2019.12.16
  • Published : 2019.12.31
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Abstract

This paper aims to empirically study how service trade regulations and FTAs have affected trade in services of Korea, China, and Japan (KCJ). We estimate the gravity equation using the OECD Services Trade Restrictiveness Index (STRI), the Heterogeneity Index, and service trade data of KCJ and their main trade partners from 2003- 2010. The analysis revealed that the more restrictive regulations measured by the STRI are negatively associated with the services trade of Korea and Japan. In addition, Korean FTAs have had a significantly positive effect on service trade. Further empirical results showed that FTAs with a longer implementation period had a greater effect on services trade.

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References

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