• Title/Summary/Keyword: East Asian trade

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A Trend Analysis on Export Container Volume Between Korea and East Asian Ports (우리나라와 동아시아 항만간의 수출 컨테이너 물동량 추이 분석)

  • Lee, Choong-Bae;Noh, Jin-Ho
    • Journal of Korea Port Economic Association
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    • v.34 no.2
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    • pp.97-114
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    • 2018
  • The East Asian region, an important part of Korea's imports and exports, is expected to grow further driven by the geographical, political, economic, social, and cultural complementarity. With the recent increase in imports and exports, the port trade volume between Korea and East Asian countries is also growing. However, due to various factors, such as economic size, growth rate, port infrastructure level, and geographical location of these countries, the volume of traffic with these ports is fluctuating. Despite much research on the volatility of port trade volume and changes in port network, this study tries to supplement the gap in a more detailed study of ports in Korea and East Asia since these kinds of studies are limited. The purpose of this study is to analyze the trend of distribution routes of export container cargo among ports in Korea and to present policy and practical implications of Korean trading companies, shipping companies, logistics companies, and port authorities. This study analyzes the variability of the trade volume between Korea's major ports and Daedong. Results show that Shanghai, Ningbo, Ho Chi Minh, and Haiphong were the most important factors in terms of size and volume increase. In terms of ports, the Busan port is the port responsible for trades with Yantai, Weihai, Hakata, Kobe, Ho Chi Minh, and Haiphong; Incheon port deals with Lianyungang, Tianjin, Osaka, Kobe, Ho Chi Minh, Haiphong; Gwangyang port trades with Tianjinxingang, Weihai, Yokohama, Mihn and Tanjong, and Ulsan port is strategically important for the Yantai, Lianyungang, Nagoya, Kobe, Ho Chi Minh and Portkelang ports. Therefore, the Korean government, port authorities, and shipping and logistics companies need to strengthen logistic network cooperation with these ports and actively promote investments in them.

An Analysis of Negotiation Landscape in Plurilateral Trade Agreement (복수국간 무역협정에서의 협상지형 분석에 관한 연구)

  • Suh, Jeong-Meen
    • Korea Trade Review
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    • v.42 no.3
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    • pp.101-121
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    • 2017
  • This article investigates the negotiation landscape of WTO ITA(Information Technology Agreement) expansion negotiation which is the most recently concluded plurilateral trade agreement under WTO. Using the trade flow data of each country and product, this study explores analytical indicators to identify the overall characteristics of the negotiation and negotiation position each participant might make. Results identified that the negotiation was generally led by export-oriented countries, especially East Asian countries. Country level negotiation positions at each sub-sector are also discussed in this study.

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A Study on the Relationship between Foreign Direct Investment and the Absorptive Capacity of a Host Country Using Panel Threshold Regression (패널문턱회귀를 활용한 외국인 직접투자와 현지국 흡수능력의 관계 연구)

  • Cao, Thu Trang;Ji-Young Hwang;Yun-Seop Hwang;Cheon Yu
    • Korea Trade Review
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    • v.47 no.4
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    • pp.89-102
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    • 2022
  • This study is designed to investigate the effect of inflow FDI on the host country's economic growth and the role of absorptive capacity in this relationship. Eight developing countries in East Asia, including Mongolia, Indonesia, Malaysia, Myanmar, the Philippines, Thailand, Vietnam, and Cambodia, are analyzed. Year data from 2000 to 2018 are used. Based on the study of Hansen (1999), the panel threshold effect model is used, and human capital, R&D, and infrastructure are set as absorptive capacity by referring to Wang and Hwang (2013). The analysis results are as follows. It is confirmed that FDI has a positive effect on the economic growth of the host country, and absorption capacity strengthens the relationship between FDI and economic growth in a positive direction. At this time, it appears that a threshold exists for the moderating effect of the absorptive capacity. It presents useful implications for economic growth in developing countries.

The Logic of Japan's Free Trade Agreements (FTA) with ASEAN

  • Yamamoto, Chika
    • Journal of Contemporary Eastern Asia
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    • v.11 no.2
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    • pp.27-45
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    • 2012
  • Among political scientists, Japan's free trade agreements (FTA) with member nations of the Association of Southeast Asian Nations (ASEAN) has been considered to be a political tool that can compete against China for regional leadership in East Asia. However, this paper demonstrates that Japan's so-called FTA diplomacy towards ASEAN nations serves the broad interests of Japanese actors in both the political and economic sectors. Given the attention to Japanese domestic political issues, it is argued that diplomacy primarily facilitates a need for free trade with ASEAN and ASEAN markets for Japanese corporations to compete in the global economy and for the government to nurture Japan's stagnant economy by assisting these corporations. This work also contends that the unclear function of FTA as an economic good is due to the lack of the government capacity to effectively manage FTA diplomacy. This partly results from the conventional view with regard to Sino-Japanese rivalry.

The Impact of Free Trade Agreements on Foreign Direct Investment: The Case of Korea

  • Bae, Chankwon;Jang, Yong Joon
    • East Asian Economic Review
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    • v.17 no.4
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    • pp.417-444
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    • 2013
  • This paper aims to empirically identify the effects of FTAs on outward and inward FDIs in Korea. Considering the income differences between Korea and its FTA partners, we hypothesize that FTAs have a positive effect on outward FDI to developing countries and inward FDI from developed countries. An underlying source of the hypothesis is the Knowledge-Capital model, addressing the positive (negative) relationship between trade costs and horizontal (vertical) FDI. We test for the hypothesis using data on Korea's FTAs and FDI over the period 2000-2010. We find that our empirical results support the hypothesis, and additionally, FTAs in general encourage FDI by creating an FDI-friendly environment.

What Drives Growing Currency Co-movements with the Renminbi?

  • Park, Bokyeong;An, Jiyoun
    • East Asian Economic Review
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    • v.24 no.1
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    • pp.31-59
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    • 2020
  • China's increasing trade volume and continuous integration with global financial markets have strengthened the influences of the renminbi on the exchange rates of different currencies. Previous studies find closer co-movements between the renminbi and other currencies. This paper is novel to investigate the underlying determinants of the co-movement further, using panel data of over thirty-four countries. Our results show that stronger bilateral trade and financial linkages with China have a positive association with the currency co-movement. Moreover, countries with greater flexibility in exchange rate regimes show stronger co-movements. These findings imply that growing co-movements are the consequence of autonomous decisions at the market rather than that of management by governments or central banks.

Origins of central Asian silk ikats

  • Hann, M.A.
    • The Research Journal of the Costume Culture
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    • v.21 no.5
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    • pp.780-791
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    • 2013
  • This paper is concerned with the development of the silk trade and in particular with silk-ikat production. Early origins are explained and issues relating to the development of long-distance trade are discussed. The principal trading participants are identified and the focus is turned to silk-ikat production in Central Asia. It is recognised that the vast bulk of trade, along what became known as the 'Silk Route' (or 'Silk Road'), did not involve straight-forward or direct exchange between powers to the far east of the route and powers to the far west, but rather was done in stages between adjacent or not too distant locations. Diffusion of ideas was not therefore immediate and operational at one eastern or western extreme of a trading network but, rather, was a gradual process influencing adjacent participants, at stages between the geographic extremes over a long period of time.

Learning in the WTO/DDA Negotiations?: An Experimental Study

  • Sung, Hankyoung
    • East Asian Economic Review
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    • v.19 no.3
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    • pp.243-273
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    • 2015
  • The purpose of this paper is to identify learning in games in experimental economic settings, and apply their results to real multilateral trade negotiations, such as the Doha Development Agenda (DDA) in the World Trade Organizations (WTO). This paper argues that the structure of games including a veto player (Veto games) is similar to the WTO/DDA negotiations in that the players do not possess identical power. This paper's main contribution to the literature involves showing that learning about power is dominant over learning from simple repetition in Veto games. Additionally, this paper shows that players are concerned about how much they have gained in previous games in Veto games, although their memories generally do not last beyond the next game, and thus they tend to be selfish as they have less shares. Based on these results, there is a possibility to be more generous in the distribution of benefits by allowing players without veto power to retain special rights so that they would not be totally powerless. It also shows the necessity of having "respite" in the process of negotiations and policy options for choosing partners for winning coalitions.

Liberalization of Trade in Services under ASEAN+n FTAs: A Mapping Exercise

  • Ishido, Hikari
    • East Asian Economic Review
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    • v.16 no.2
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    • pp.155-204
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    • 2012
  • This study maps out the degree of liberalization of trade in services under four ASEAN+n frameworks. After constructing a database showing the existence of limitations on market access and/or national treatment by each service sector, the study finds that the commitment level differs greatly between sensitive and less sensitive sectors, and that the commitment level under the ASEAN Framework Agreement (AFAS) is the highest among the four FTAs studied. It also finds that there are cross-country and sector-wide similarities in the pattern of service sector commitment under and across each of the FTAs; this implies that the shared domestic sensitivities can be overcome by a shared economic cooperation scheme for enhancing competitiveness in the ASEAN+n region.

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Does Inward Foreign Direct Investment Affect Productivity across Industries in Korea?

  • Jang, Yong Joon
    • East Asian Economic Review
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    • v.25 no.2
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    • pp.151-174
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    • 2021
  • This paper empirically examines whether and how inward foreign direct investment (FDI) affected industrial productivity in Korea during the 2000-2016 period, based on dynamic panel data of inflow FDI on an arrival basis from 427 manufacturing industries. The paper adds to the literature by analyzing whether both technology spillovers and industrial restructuring from inward FDI can differ according to industrial characteristics such as capital intensity, imported intermediate inputs, and tariffs. The empirical results show that the overall effects of inward FDI on total factor productivity (TFP) were statistically insignificant in general. However, the positive effects of inward FDI on productivity became statistically significant for industries with lower tariffs. Capital intensity were not involved in the relationship between inward FDI and productivity. Thus, the paper highlights that the results in previous studies with inward FDI on a notification basis were overestimated and inward FDI policies in Korea should focus on channels such as trade liberalization and the redistribution of production factors rather than capital accumulation.