Korea Trade Review (무역학회지)

Korea Trade Research Association (한국무역학회)
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The Economic Effects of Tariff Reduction Based on Economic Structures

경제구조 변화에 따른 관세 감축의 파급효과 분석

  • Hee-Yong, Lee (School of International Economics and Business, Yeungnam University) ;
  • Sang-Ho, Lee (Department of Food Economics and Service, Yeungnam University) ;
  • Ik-Su, Kim (Department of Food Resource and Economics, Yeungnam University)
  • 이희용 (영남대학교 무역학부) ;
  • 이상호 (영남대학교 식품경제식학과) ;
  • 김익수 (영남대학교 대학원 )
  • Received : 2022.07.28
  • Accepted : 2022.08.29
  • Published : 2022.08.30
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Abstract

This study is to analyze the economic effects of tariff reduction using computable general equilibrium(CGE) model. We set up the social accounting matrix for five-base equilibrium year. Our main findings are as follows. First, the impact of tariff reduction on GDP was different from time to time. It meas that the differentiated economics structure was affected by tariff reduction. As our economic grew up, the impact of tariff reduction was measured much higher. Second, until 1995 the impact of tariff reduction on total export and import was increased, then while 1995 the increase was dropped. This is because we reduced the tariff by the WTO negotiations. Third, the tariff reduction affected the price of imported goods, so it contributed to substitute effects between domestic and imported goods. According to these results, we found out the importance of the linkage between the tariff reduction and economic structure.

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References

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