Korea Trade Review (무역학회지)

Korea Trade Research Association (한국무역학회)
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A GTAP Model Analysis of the Effects of RCEP on the Korean Manufacturing Business

GTAP모형을 이용한 RCEP 발효가 한국 제조업에 미치는 영향분석

  • Yong-jie Gui (Department of International Trade, Dankook University) ;
  • Yoon-Say Jeong (Department of International Trade, Dankook University)
  • Received : 2022.10.07
  • Accepted : 2022.10.30
  • Published : 2022.10.30
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Abstract

This study aim to use the GTAP model to analyze the impact of RCEP Fermentation in the Korean manufacturing industry by quantifying the RCEP tariff commitment table. The research results show RCEP has boosted output in all sub-manufactures except wood and printed matter due to increased export volumes. Wood products, on the other hand, are more reliant on imports due to lower production due to lower domestic sales or overall exports. After RCEP came into effect, the import and export scale of Korea's manufacturing industry expanded effectively. Among them, the positive impact on the intensive low-tech manufacturing industries such as clothing and leather products, wood products and printing products, and food, beverage and tobacco products is greater than the positive impact on the technology-intensive medium and high-tech and high-tech manufacturing industries. And found that the growth rate of Korea's manufacturing trade is basically proportional to the tax reduction rate of RCEP. Finally, in order to promote the development of the manufacturing industry, some suggestions are put forward that need the government's policy support and strengthen the regional cooperation with RCEP member countries.

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