[KSCI] Korea Science Citation Index Service

http://dx.doi.org/10.11644/KIEP.EAER.2022.26.2.406

Determinants of Termination of Anti-dumping Measures: The Case of Korea

Rhee, Jin Woo (GS Global)
Jang, Yong Joon (Kyung Hee University)

Publication Information

East Asian Economic Review / v.26, no.2, 2022 , pp. 95-117 More about this Journal

Abstract

This paper empirically examines what factors affected the termination of anti-dumping measures in Korea during the 2006-2019 period. Employing a meticulous literature review, the paper investigates the WTO's and Korea's rules on the termination of anti-dumping measures and sets up the related variables in the Cox proportional hazards model. The empirical results show that the GDP growth rate, employment, and trade competitiveness in domestic industries had positive effects on the hazard of the termination of AD measures, while free trade agreements had negative effects. By industry, the hazard of the termination of AD measures was less prominent in the steel industry, while it was more prominent in the machinery industry. These results imply that AD measures in Korea had the properties of a proper trade remedy policy and, at the same time, a protectionism tool to sustain its domestic industries, depending on industrial characteristics and other trade policies.

Keywords

Anti-Dumping Measures; WTO Anti-dumping Agreement; Survival Analysis;

Citations & Related Records

Times Cited By KSCI : 1 (Citation Analysis)

Reference
Cited By KSCI

1	Sandkamp, A. 2020. "The Trade Effects of Antidumping Duties: Evidence from the 2004 EU Enlargement." Journal of International Economics, vol. 123, pp. 1-18. DOI
2	Sohn, K.-Y. 2020. "Assessment of Korea's FTAs: Focusing on Trade Remedies Rules." Journal of Korea Trade, vol. 24, no. 7, pp. 107-124.
3	Sudsawasd, S. 2012. "Tariff Liberalization and the Rise of Anti-dumping Use: Empirical Evidence from Across World Regions." International Trade Journal, vol. 26, no. 1, pp. 4-18. DOI
4	Vandenbussche, H., Zanardi, M., Guiso, L. and C. Schultz. 2008. "What Explains the Proliferation of Antidumping Laws?" Economic Policy, vol. 23, no. 53, pp. 94-138.
5	Vermulst, E. 2005. The WTO Anti-Dumping Agreement: A Commentary. Oxford: Oxford University Press.
6	Wall, H. J. 1999. "Using the Gravity Model to Estimate the Costs of Protection." Federal Reserve Bank of St. Louis Review, vol. 81, no. 1, pp. 33-40.
7	Wooldridge, J. 2016. Introductory Econometrics: A Modern Approach. Boston: Cengage Learning.
8	Yotov, Y. V., Piermartini, R., Monteiro, J.-A. and M. Larch. 2016. An Advanced Guide to Trade Policy Analysis: The Structural Gravity Model. Geneva: World Trade Organization; New York: United Nations.
9	Rutkowski, A. 2007. "Determinants of Withdrawals of Anti-Dumping Complaints in the EU." Journal of Economic Policy Reform, vol. 10, no. 2, pp. 89-109. DOI
10	Yu, J.-S. and H. Ding. 2019. "The Qualitative Trade Competitiveness of China in IT Industry: A Comparison to Korea and USA." Journal of Korea Trade, vol. 23, no. 3, pp. 20-37. DOI
11	Besedes, T. and T. J. Prusa. 2017. "The Hazardous Effects of Antidumping." Economic Inquiry, vol. 55, no. 1, pp. 9-30. DOI
12	Blonigen, B. A. and T. J. Prusa. 2015. "Dumping and Antidumping Duties." NBER Working Paper, no. 21573. National Bureau of Economic Research.
13	Lorenz, M., Lassig, R., Brown, J. and B. Myerholtz. 2020. "Winners Are Green, Smart, and Digital." BCG.com, Dec 11. Boston Consulting Group.
14	Mercier, F., Hijikata, T., Burrai, V. and L. Giua. 2021. "Steel Market Developments Q2 2021." OECD Directorate for Science, Technology and Innovation, DSTI/SC(2021)1/FINAL. OECD.
15	International Chamber of Commerce (ICC). 2007. "Anti-dumping in the Doha Development Agenda." Policy Statement Document, 103/281 rev3 final EN.
16	Eom, J. 2014. "Comparison & Analysis of Anti-dumping Provisions in the FTAs signed by Korea." KIEP World Economy Update, no. 4-38. Korea Institution for International Economic Policy.
17	Firme, V. and C. Vasconcelos. 2020. "Main Determinants of Opening Antidumping Cases: A Poisson Analysis Using Panel Data." International Trade Journal, vol. 34, no. 4, pp. 387-414. DOI
18	Gourlay, S. and K. M. Reynolds. 2012. "Political Economy of Antidumping Reviews: The Impact of Discretion at the International Trade Administration." Department of Economics Working Paper Series, no. 2012-15. American University.
19	Jang, Y. 2020. "The Impact of Input and Output Tariffs on Domestic Employment across Industries: Evidence from Korea." Journal of Korea Trade, vol. 24, no. 8, pp. 1-18. DOI
20	Krupp, C. 1994. "Antidumping Cases in the US Chemical Industry: A Panel Data Approach." Journal of Industrial Economics, vol. 42, no. 3, pp. 299-311. DOI
21	Matsushita, M., Schoenbaum, T., Mavroidis, P. C. and M. Hahn. 2015. The World Trade Organization: Law, Practice, and Policy. Oxford: Oxford University Press.
22	Balassa, B. 1965. "Trade Liberalisation and 'Revealed' Comparative Advantage." Manchester School, vol. 33, no. 2, pp. 99-123. DOI
23	Mavroidis, P. C. 2012. Trade in Goods: The GATT and the Other WTO Agreements Regulating Trade in Goods. Oxford: Oxford University Press.
24	Moore, M. O. 2006. "An Econometric Analysis of U.S. Antidumping Sunset Review Decisions." Review of World Economics, vol. 142, no. 1, pp. 122-150. DOI
25	Mukherjee, P. M. and D. Roy. 2010. "Global Competitiveness in the Steel Industry." Asia-Pacific Business Review, vol. 6, no. 4, pp. 12-17. DOI
26	Ahn, D. and W. Shin. 2011. "Analysis of Anti-dumping Use in Free Trade Agreements." Journal of World Trade, vol. 45, no. 2, pp. 431-456. DOI
27	Bae, C., Kim, J., Keum, H. and Y. J. Jang. 2012. "The Impact of Free Trade Agreements on Economic Performance in Korea." KIEP Policy Reference, no. 12-03, Korea Institute for International Economic Policy. (In Korean)
28	Becroft, R. 2014. "The WTO Standard of Review: A Means to Strengthen the Trading System." In Frankel, S. and M. K. Lewis. (eds.) Trade Agreements at the Crossroads. New York: Routledge. pp. 66-80.
29	Blonigen, B. A. 2005. "The Effects of NAFTA on Antidumping and Countervailing Duty Activity." World Bank Economic Review, vol. 19, no. 3, pp. 407-424. DOI
30	Bown, C. P. and P. Tovar. 2011. "Trade Liberalization, Antidumping, and Safeguards: Evidence from India's Tariff Reform." Journal of Development Economics, vol. 96, no. 1, pp. 115-125. DOI
31	Chang, C.-L., McAleer, M. and D.-K. Nguyen. 2019. "US Antidumping Petitions and Revealed Comparative Advantage of Shrimp-exporting Countries." Reviews in Aquaculture, vol. 11, no. 3, pp. 782-792. DOI
32	Choi, N. and H. Lee. 2010. "Analysis of Comparative Advantage Patterns and Its Policy Implications." KIEP Policy Analysis, no. 10-01. Korea Institution for International Economic Policy. (In Korean)
33	Cox, D. R. 1972. "Regression Models and Life-Tables." Journal of the Royal Statistical Society, Series B (Methodological), vol. 34, no. 2, pp. 187-220. DOI
34	Egger, P. and D. Nelson. 2011. "How Bad Is Antidumping? Evidence from Panel Data." Review of Economics and Statistics, vol. 93, no. 4, pp. 1374-1390. DOI
35	Saltykova, Y. 2021. "The Chinese Steel Market Transformation Influenced by the Economic Recession." IOP Conference Series: Earth and Environmental Science, no. 650. IOPscience.
36	Choi, N. 2017. "Did Anti-dumping Duties Really Restrict Import?: Empirical Evidence from the US, the EU, China, and India." East Asian Economic Review, vol. 21, no. 1, pp. 3-27. DOI
37	Mueller, W., Khan, N. and T. Scharf. 2009. EC and WTO Anti-Dumping Law: A Handbook. Oxford: Oxford University Press.
38	Liu, X. 2009. "GATT/WTO Promotes Trade Strongly: Sample Selection and Model Specification." Review of International Economics, vol. 17, no. 3, pp. 428-446. DOI
39	Chen, L., Urata, S., Nakagawa, J. and M. Ambashi. 2019. Emerging Global Trade Governance: Mega Free Trade Agreements and Implications for ASEAN. New York: Routledge.
40	Oliveira, G. A. S. 2014. "Industrial Determinants of Anti-dumping in Brazil - Protection, Competition and Performance: An Analysis with Binary Dependent Variable and Panel Data." EconomiA, vol. 15, no. 2, pp. 206-227. DOI