Journal of Korea Trade

한국무역학회 (Korea Trade Research Association)
권호 표지
DOI QR코드

DOI QR Code

Does the China-Korea Free Trade Area Promote the Green Total Factor Productivity of China's Manufacturing Industry?

  • 투고 : 2019.07.01
  • 심사 : 2019.08.14
  • 발행 : 2019.08.31
PDF 다운로드
⟨ 이전 논문 다음 논문 ⟩

초록

Purpose - The purpose of this paper is to analyze the net effect of the green total factor productivity (GTFP) of China's manufacturing industry from the China-Korea Free Trade Area (China-Korea FTA) quantitatively. Design/methodology - Firstly, the Global Malmquist-Luenberger (GML) index based on the SBM directional distance function is used to measure the GTFP of China's manufacturing and analyze the driving force for its growth. Secondly, the regression discontinuity quantitative analysis is used to determine the impact of the China-Korea FTA on China's manufacturing GTFP. Findings - Our main findings can be summarized as follows: the China-Korea FTA has promoted the GTFP of China's manufacturing with an effect evaluation mainly resulting from green technology progress. And there is industry heterogeneity in the policy effect on the manufacturing GTFP due to the China-Korea FTA. Namely, policy promotion from the China-Korea FTA is more effective on the GTFP of equipment manufacturing than it is on those of other industries. Originality/value - First, an evaluation and analysis of the GTFP development of China's manufacturing that employs GML index based on SBM directional distance function. Second, a quantitative estimate of China-Korea FTA's net effect on China's manufacturing industrial GTFP that uses regression discontinuity analysis, which is considered to be the closest method to natural experiments and superior to other causal inference methods. Third, an in-depth discussion of the practical steps that China's manufacturing can take to improve GTFP development and integrate China-Korea FTA construction into economic development.

키워드

참고문헌

  1. Aparicio, J., J. T. Pastor and J. L. Zofio (2013), "On the Inconsistency of the Malmquist-Luenberger Index", European Journal of Operational Research, 229(3), 738-742. https://doi.org/10.1016/j.ejor.2013.03.031
  2. Chen, Zheng-Ling, Jin-Kai Li, Wei-Gang Zhao, Xiao-Chen Yuan and Guo-Liang Yang (2019), "Undesirable and Desirable Energy Congestion Measurements for Regional Coal-fired Power Generation Industry in China", Energy Policy, 125, 122-134. https://doi.org/10.1016/j.enpol.2018.10.027
  3. Coe, D. T. and E. Helpman (1995), "International R&D Spillovers", European Economic Review, 39(5), 859-887. https://doi.org/10.1016/0014-2921(94)00100-E
  4. Cook, T. D. (2008), "Waiting for Life to Arrive: A History of the Regression-Discontinuity Design in Psychology, Statistics and Economics", Journal of Econometrics, 142(2), 636-654. https://doi.org/10.1016/j.jeconom.2007.05.002
  5. Grossman, G. M. and A. B. Krueger (1995), "Economic Growth and Environment", Quarterly Journal of Economics, 110(2), 353-364. https://doi.org/10.2307/2118443
  6. Grossman, G. M. and A. B. Krueger (1991), "Environmental Impacts of A North American Free Trade Agreement", Social Science Electronic Publishing, 8(2), 223-250.
  7. Hu, Albert-Guangzhou and Zheng-Ning Liu (2014), "Trade Liberalization and Firm Productivity: Evidence from Chinese Manufacturing Industries", Review of International Economics, 22(3), 488-512. https://doi.org/10.1111/roie.12127
  8. Jang, Yong-Joon, Mee-Jin Cho and Han-Sung Kim (2015), "Trade Liberalization and Firm Productivity: Evidence from Korea", Journal of Korea Trade, 19(4), 21-41.
  9. Kim, Gi-Hing (2009), "The Economic Impact of Korea-Chile Free Trade Agreement on Korea's IT Manufacturing Industries with Focus on the Elasticity Analysis", Journal of International Trade and Industry Studies, 14(3), 25-53.
  10. Kim, Jong-Hwa (2010), "A Study on the Economic Impacts of the Korea-Australia Free Trade Agreement", Journal of Economics Studies, 28(4), 253-273.
  11. Ko, Jong-Hwan (2014), "A Study on the Economic Effects of the Korea-EU FTA Using a Dynamic CGE Model", Journal of International Trade & Commerce, 10(1), 225-250. https://doi.org/10.16980/jitc.10.1.201402.225
  12. Ko, Jong-Hwan and S. Ito (2017), "Simulation for Japan-Korea FTA and Its Economic Impacts on Agriculture: A CGE Approach", Journal of the Faculty of Agriculture Kyushu University, 62(1), 283-294. https://doi.org/10.5109/1804192
  13. Kumar, S. (2006), "Environmentally Sensitive Productivity Growth: A Global Analysis Using Malmquist-Luenberger Index", Ecological Economics, 56(2), 280-293. https://doi.org/10.1016/j.ecolecon.2005.02.004
  14. Lee, D. S. and T. Lemieuxa (2010), "Regression Discontinuity Designs in Economics", Journal of Economic Literature, 48(2), 281-355. https://doi.org/10.1257/jel.48.2.281
  15. Li, Bin and Shu-Sheng Wu (2017), "Effects of Local and Civil Environmental Regulation on Green Total Factor Productivity in China: A Spatial Durbin Econometric Analysis", Journal of Cleaner Production, 153(1), 342-353. https://doi.org/10.1016/j.jclepro.2016.10.042
  16. Liu, Zuan-Kuo and Xin Li (2019), "Has China's Belt and Road Initiative Promoted Its Green Total Factor Productivity: Evidence From Primary Provinces Along the Route", Energy Policy, 129, 360-269. https://doi.org/10.1016/j.enpol.2019.02.045
  17. Long, Xing-Le, Xi-Cang Zhao and Fa-Xin Cheng (2015), "The Comparison Analysis of Total Factor Productivity and Eco-Efficiency in China's Cement Manufactures", Energy Policy , 81, 61-66. https://doi.org/10.1016/j.enpol.2015.02.012
  18. Lv, Tie (2019), "Basic Ideas and Measures for the High-quality Development of China's Manufacturing Industry", Economic Daily, 12.
  19. Oh, D. H. (2010), "A Global Malmquist Luenberger Productivity and Index", Journal of Productivity Analysis, 34(3), 183-197. https://doi.org/10.1007/s11123-010-0178-y
  20. Son, Ji-Yoon and Soo-Wook Kim (2017), "The Korea-EU Free Trade Agreement's Effect on Logistics Companies' Efficiency and Productivity", Journal of the Korean Society of Supply Chain Management, 17(2),165-177. https://doi.org/10.25052/KSCM.2017.10.17.2.165
  21. Talbertha, J. and A. K. Boharab (2006), "Economic Openness and Green GDP", Ecological Economics, 58(4), 743-758. https://doi.org/10.1016/j.ecolecon.2005.09.002
  22. Wang, Min, Xian-Li Zhao, Quan-Xi Gong and Zhi-Geng Ji (2019), "Measurement of Region Green Economy Sustainable Development Ability Based on Entropy Weight-Topsis-Coupling Coordination Degree: A Case Study in Shandong Province, China", Sustainability, 11(1).
  23. Wang, Shu-Yun (2018), "Developing Value Added Service of Cold Chain Logistics between China and Korea", Journal of Korea Trade, 22(3), 247-264. https://doi.org/10.1108/JKT-03-2018-0016
  24. Wang, Xue-Li, Cai-Zhi Sun, Song Wang, Zhing-Xiong Zhang and Wei Zou (2018), "Going Green or Going Away? A Spatial Empirical Examination of the Relationship between Environmental Regulations, Biased Technological Progress, and Green Total Factor Productivity", International Journal of Environmental Research and Public Health, 15(9).
  25. Yao, Xi-Long, Wei Feng, Xiao-Ling Zhang, Wen-Xi Wang, Chen-Tao Zhang and Sha-Qiu You (2018), "Measurement and Decomposition of Industrial Green Total Factor Water Efficiency in China", Journal of Cleaner Production, 98, 1144-1156.
  26. Yenokyan, K., J. J. Seater and M. Arabshahi (2014), "Economic Growth with Trade in Factors of Production", International Economic Review, 55(1), 223-254. https://doi.org/10.1111/iere.12047