• 제목/요약/키워드: Export Margins

검색결과 10건 처리시간 0.02초

Bilateral Trade Potential of IP Sensitive Products: A Comparative Study of India and China

  • Sharma, Ruchi;Jain, Arushi;Panda, Sidheswar
    • Asian Journal of Innovation and Policy
    • /
    • 제11권1호
    • /
    • pp.69-86
    • /
    • 2022
  • This study examines performances and varieties of export of IP sensitive products across emerging countries, namely, India and China by utilizing 6-digit disaggregated product-level export data. Further, this study constructs trade margins - extensive and intensive margins to understand trade potential and different trade patterns, specifically, exporters' productivity, product diversification, and volume of trade during 2007-2016. This study finds India's performance is comparable with China at the extensive margin though the gap between India and China is very wide in terms of the total value of exports and the intensive margin. China majorly exports more expensive electronics and manufacturing-related products as opposed to relatively cheaper medicinal and synthetic products, the total value of exports from China to the rest of the world is much higher than that of India. This study suggests that India is exporting IP-sensitive products to lower-income countries sufficiently, but the IP-sensitive exports to higher-income countries are still lagging.

The Impact of Trade Facilitation on the Extensive and Intensive Margins of Trade: An Application for Developing Countries

  • Lee, Hyo-Young;Kim, Chong-Sup
    • East Asian Economic Review
    • /
    • 제16권1호
    • /
    • pp.67-96
    • /
    • 2012
  • Previous literature has looked merely into the effect of trade facilitation on aggregate trade, or analyzed trade growth using the extensive and intensive margins. This paper blends these two lines of research for a detailed analysis of the impact of trade facilitation on trade by using highly disaggregated trade data and a more composite index for measuring trade facilitation, also taking into account the export sectors and income levels of countries. As a result, this paper finds that developing countries with higher trade facilitation levels export a wider range of products, especially primary goods. While trade facilitation levels do not have a statistically significant association with trade at the intensive margin in general, further analysis shows that the impact of advanced trade facilitation is the largest for lower middle-income countries in primary goods trade at the intensive margin, and the largest for upper middle-income countries in manufactured goods trade at the intensive margin. More importantly, our policy simulation results suggest that trade facilitation-related policy reforms enable developing countries to benefit from increased trade in manufactured goods at the extensive margin.

  • PDF

우리나라 수출가격에 대한 환율전가율 변화 (Declines in Exchange Rate Pass-through to Export Prices in Korea)

  • 이항용;김현욱
    • KDI Journal of Economic Policy
    • /
    • 제31권2호
    • /
    • pp.235-266
    • /
    • 2009
  • 본 연구는 장기간의 시계열 자료를 이용하여 우리 경제의 수출가격에 대한 환율전가율 변화를 실증적으로 분석한 것이다. 분석 결과, 외환위기를 전후로 수출가격에 대한 환율전가율이 하락하였음을 발견하였는데, 이는 우리나라의 수출기업이 환율 변동의 영향을 수출가격에 전가하기 보다 내부적으로 마크업 조정을 통해 흡수하는 경향이 외환위기 이후에 더욱 높아졌음을 의미한다. 또한 환율전가율의 비대칭성 분석을 통해 외환위기 이후의 환율전가율 하락은 거의 대부분 환율이 하락했을 때 발생하였음을 발견하였는데, 이는 외환위기 이후 환율이 하락하는 시기에 수출기업들이 달러표시 수출가격을 인상하는 대신에 해외시장에서의 시장점유율을 유지하는 전략을 채택해 왔음을 시사한다. 한편, 이러한 환율전가율의 하락은 환율 변동성의 확대와 세계시장에서 중국과의 경쟁이 심화되면서 나타난 것으로 분석되었다.

  • PDF

Equivalence between Increasing Returns and Comparative Advantage as the Determinants of Intra-industry Trade: An Industry Analysis for Korea

  • Lee, Honggue
    • East Asian Economic Review
    • /
    • 제22권1호
    • /
    • pp.75-114
    • /
    • 2018
  • A two-part model is estimated to see if increasing returns and comparative advantage are empirically equivalent in explaining intra-industry trade. The model has separate mechanisms for determining the occurrence and the extent of intra-industry trade. Estimation is based on an augmented Grubel-Lloyd index derived from the data set on SITC 7 goods at the 3-digit SITC (Revision 4) for country pairs in which Korea is fixed as a source country. Estimation results show that both increasing returns and comparative advantage can explain the occurrence and the extent of intra-industry trade.

A Study on the Trade-Economic Effects and Utilization of AEO Mutual Recognition Agreements

  • LEE, Chul-Hun;HUH, Moo-Yul
    • 산경연구논집
    • /
    • 제11권2호
    • /
    • pp.25-31
    • /
    • 2020
  • Purpose: The AEO (Authorized Economic Operator) program, created in 2001 in the United States due to 9.11 terrorist's attack, fundamentally changed the trade environment. Korea, which introduced AEO program in 2009, has become one of the world's top countries in the program by ranking 6th in the number of AEO certified companies and the world's No. 1 in MRA (Mutual Recognition Agreement) conclusions. In this paper, we examined what trade-economic and non-economic effects the AEO program and its MRA have in Korea. Research design, data and methodology: In this study we developed a model to verify the impact between utilization of AEO and trade-economic effects of the AEO and its MRA. After analyzing the validity and reliability of the model through Structural Equation Model we conducted a survey to request AEO companies to respond their experience on the effects of AEO program and MRA. As a result, 196 responses were received from 176 AEO companies and utilized in the analysis. Results: With regard to economic effects, the AEO program and the MRA have not been directly linked to financial performance, such as increased sales, increased export and import volumes, reduced management costs, and increased operating profit margins. However, it was analyzed that the positive effects of supply chain management were evident, such as strengthening self-security, monitoring and evaluating risks regularly, strengthening cooperation with trading companies, enhancing cargo tracking capabilities, and reducing the time required for export and import. Conclusions: When it comes to the trade-economic effects of AEO program and its MRA, AEO companies did not satisfy with direct effects, such as increased sales and volume of imports and exports, reduced logistics costs. However, non-economic effects, such as reduced time in customs clearance, freight tracking capability, enhanced security in supply chain are still appears to be big for them. In a rapidly changing trade environment the AEO and MRA are still useful. Therefore the government needs to encourage non-AEO companies to join the AEO program, expand MRA conclusion with AEO adopted countries especially developing ones and help AEO companies make good use of AEO and MRA.

우리나라 대중국 수출에서의 수출 집약도 및 다양도의 역할 (The Role of Extensive and Intensive Margins in Korean Exports to China)

  • 이시욱
    • KDI Journal of Economic Policy
    • /
    • 제31권2호
    • /
    • pp.195-234
    • /
    • 2009
  • 본 연구에서는 Hummels and Klenow (2005)의 분석방식을 이용하여 1990년대 이후 우리나라의 대중국 수출에 있어서의 수출의 다양도 및 집약도의 상대적인 기여도를 고찰하고 있다. 본 연구에서 수출 다양도란 우리나라를 제외한 대중국 전체 수출국의 수출품목 대비 우리나라의 대중국 수출품목의 비중을 의미한다. 한편, 수출 집약도는 우리나라의 대중국 수출품목 기준으로 우리나라를 제외한 대중국 전체 수출국 대비 우리나라 수출의 비중으로 정의한다. 분석 결과에 의하면, 최근 1990년대 이후 우리나라의 대중국 수출 확대의 주요인은 수출 집약도의 증가였던 것으로 나타난다. 이러한 결과는 중장기적인 수출 호조세의 지속을 위해서는 수출 다양도보다는 수출 집약도가 더 중요한 요인이라는 $Besede{\check{s}}$ and Prusa(2007), Helpman, Melitz, and Rubinstein(2007) 등의 분석과 일치된 결과이다. 수출 다양도의 경우, 무역자유화 초기에 해당되는 1990년대 초반에는 빠르게 증가하나 이후에는 부품 및 자본재 등 일부 품목을 제외하고는 오히려 다소 하락하는 추세를 나타냈다. 한편, 부품과 자본재가 전반적으로 1차 산품, 소비재 등 여타 상품군들에 비해 수출의 지속성(survival)이 높은 것으로 나타난다. 1차 산품, 소비재 등의 경우 수출 개시 후 4년 이내에 전체의 약 75% 수준의 품목이 수출을 중단하는 것으로 분석된 반면, 부품과 자본재는 기술 수준의 구분 없이 1992~2007년 기간 중 지속적으로 수출이 이루어진 품목의 비중이 15% 수준에 이른다. 이러한 분석 결과는 국제분업구조의 진전이 수출의 지속성에 지대한 영향을 미칠 수 있음을 시사한다.

  • PDF

중국 반덤핑 법규와 WTO 규범과의 적합성 비교 연구 (A Study on the Comparison Between China's Anti-Dumping System and WTO Agreement)

  • 신성식;최해범
    • 통상정보연구
    • /
    • 제13권4호
    • /
    • pp.323-349
    • /
    • 2011
  • 중국은 WTO 회원국으로써 WTO 협정에서 정하고 있는 반덤핑 제도 관련 규범 및 기타 각종 규범들을 여타의 WTO 회원국과 마찬가지로 국내법과 제도운용에 있어서 WTO의 그것과 합치시켜 운용할 의무가 있다. 그럼에도 불구하고 중국 정부의 반덤핑 법규는 덤핑마진의 산정, 경미수입물량에 대한 조사 종결기준, 일몰재심 등과 관련된 세부규정에 미흡함을 지적받고 있어 법적 불확실성을 초래하고 있다. 또한 가격약속과 관련된 규정들 중 일부 규정은 WTO 협정과 일치하지 않는다. 그러므로 우리정부는 단독 혹은 WTO 여타 회원국과 함께 중국 정부에게 반덤핑 법규를 WTO 관련 협정에 부합 되도록 개정해 줄 것 을 요구함과 동시에 중국 정부가 자의적으로 운용할 여지가 있는 모호한 규정들을 구체화시켜 줄 것 을 요구해야 한다. 이와는 별도로 우리나라는 중국이 반덤핑 제소를 개시하면 WTO 관련 협정과 차이가 나는 중국의 반덤핑 법규를 중국 당국이 어떻게 적용하는 지에 대해 면밀히 파악하여, 규정상의 모호성을 WTO 관련 협정의 내용과 부합되게 적용하는지 혹은 위배되는 적용을 하는지에 대하여 초점을 맞추어 그 대응책을 준비해야 한다.

  • PDF

Market Power of Genetically Modified Soybeans Traded Between the United States and Korea

  • Son, Eun-Ae;Lim, Song Soo
    • Journal of Korea Trade
    • /
    • 제23권6호
    • /
    • pp.131-144
    • /
    • 2019
  • Purpose - The purpose of this study was to investigate market power of soybeans exported by the United States to Korea. Particularly, this paper considered dichotomous characteristics of genetically modified (GM) soybeans and non-GM soybeans and conducted empirical analysis of these two segregated soybean markets to understand key tenets of market power in international soybean trade. Design/methodology - The difference in market power between GM and non-GM soybeans was analyzed using Residual Demand Elasticity (RDE) and Residual Supply Elasticity (RSE) models over the period of 2008~2018. RDE and RSE models under an imperfect competition condition were used to estimate market margins and determine whether GM and non-GM exporters or importers exercised market power in the destination market. Findings - Empirical results suggested that the U.S. had a market power on both GM and non-GM soybean exports. GM exports had greater market power than non-GM exports (14% vs. 9%). By contrast, Korea showed an inability to grab market margin or exert market power in soybean imports. Both export supply by the U.S. and import demand by Korea were found to be more responsive to price changes of GM soybeans than to prices changes of non-GM soybeans. This might be due to a self-interested, profit-seeking strategy by the exporter and many concerned consumers regarding potential adverse effects of GMOs in the importing country. Originality/value - This paper fills the literature gap by exploiting market power in both GM and non-GM markets with explicit consideration of price correlations between GM and non-GM soybeans in Korea. A number of existing studies have provided evidence for market power broadly embedded in international commodity trade. However, studies focusing on Korean markets are limited. No study has explored the country's soybean trade. Furthermore, the majority of prior studies have almost exclusively focused on the market power from a standpoint of exporting countries without discussing importers' market structure. This paper also sought to understand potentially distinguished patterns of market power between GM and non-GM markets.

양식해태의 유통에 관한 조사 연구 (A Study on Marketing of Cultured Laver Products)

  • 유충열
    • 수산경영론집
    • /
    • 제4권1_2호
    • /
    • pp.19-57
    • /
    • 1973
  • Laver io one of the most necessary and seasonal items in Korean food from oldtimes. Laver is lagely eaten in dried form, and its supply depends entirely upon culture weeds. The history of laver culture in Korea about sixty or seventy years is older than in Japan. Significance of laver culture is divided into two aspects, one is food supply in the nation, and the other is export to other countries. Houses engaged in laver culture are about foully thousands, and laver production in 1972 is estimated as 1, 3 bitten sheets. (1 sheet is a dried laver of 20 cm sq, in the shape of paper) Especcially meaning of layer production is the concentration of labour input, and systematic management of labour. From around 1920, the method of laver culture was introduced by Japanese Imperialism for mono culture in shallow seas, and mass products of laver is provided to Japan market, DOMESTIC MARKET Fundamental consume function calculates at below, $D_{(68_71)}$=16354 $Y^{0.471}$ $P^{-1.0662}$ where D is total layer demand, Y income variable, P price variable. It means income elasticity is 476. in the whole country, and price elasticity is 1, 07. But generally income elasticity is higher in urban area than in rural area, as shown at 1, 3 in Seoul city. Expence of laver in house expenditure is mutually correlated with another expence, See Table 12 about the relative function. See Table 14 and 16 about the relation between the gathering and the changes of price in auction, wholesale and retail price support system is for two effects, one of which is constraint of the upper price, the other is rise of the lower price. Before the system control, the equation in three year average calculated as below, $Y_{b}$ =18, 907.7455+15435.9364 t (r=0.89) where the origin t=0 is the November and the units are month. Post the system control, $Y_{p}$ =30, 047.9636+1, 631.1721t (r=0.97) therefore, this system has an effect only on the rise of lower price, Average annual margins of laver products at four market levels according to the consumer spent is below. EXPORTING MARKET Japanese demand function of laver products is, Log D=5, 289+1, 108 Log Y-1, 395 Log P (r=0.987) where D is Japanese laver demand, Y income variable, P price variable. according to which income elasticity is 1. 1 and price elasticity is 1.4. Laver production in 1970 tile highest record till then, is estimated as six billion sheets. But the recent improvement of laver culture techniques, the production of seeds and freezing storage of seeds has been stabilized. Futher new culture farms have been developed by means of break- water fences or by floating culture method. These improvements have been backed up with increased demand of laver products. Import quantity and price of Korean laver products are restrained by three organizations, that is producer, distributor and consumer. This relationship calculated by regression equation shows that import is influenced only producer organization, at the sacrifice of consumer profit. For increase to export of laver products, we urgently require to open foreign trade of laver products for Japanese consumer, .and Japan has political responsibility to solve Korean laver structure. But with long run timeseries, as regards Japanese production and import quantity, importing function shows increasing trend as below, 250 million sheets <3, 947.1674+0.005 $L_{g}$ >) 600 million sheets where $L_{q}$ is relative production quantity of laver in Japan. (unit; 100 thousand sheets) Our Export effort should be put on the highly processed products whithin the restraind quote.ote.

  • PDF

텍스타일 디자인의 세계화, 국제화를 위한 정부정책방향과 교육방안을 탐색하는 연구 (A Study on the Textile Design for the Global Market)

  • 차임선
    • 디자인학연구
    • /
    • 제12권1호
    • /
    • pp.27-36
    • /
    • 1999
  • 한국의 섬유산업은 저임금을 수단으로 1960년도에서 1980년도 중반까지 국내 수출의 큰 기여를 하여옴과 동시에 경제발전에 이바지하여 왔다. 그러나, 1988년을 계기로 국내외의 경제여건의 큰 변동으로 인하여 저임금의 무기로 하청업 위주의 생산방식이 더 이상 국제시장에서 통하지 않게 되었다. 그러므로 한국섬유제품은 양적인 면에서 질적인 면으로 전환되어야 하며, 저가품생산의 가격위주에서 벗어나 중,고가품생산의 제품위주로 변환되어야 한다. 고부가가치제품의 창출을 위하여는 신소재개발, 염색 및 가공의 혁신과 텍스타일디자인 질의 향상이 함께 이루어져야 한다. 어패럴, 홈퍼니싱, 도메스틱스 그리고 컨트랙트시장의 넓은 국내외의 시장의 석권을 위하여 국내의 텍스타일 디자인의 교육방안이 좀 더 다양해져야 하며, 학생들의 적성에 맞는 세부 전공을 추구할 수 있도록 선택의 여지를 부여해 주어야만 한다. 교육계는 미비한 시설을 강화하여 선진국에 못지 않는 교과목의 재정비가 필요하며, 업체와 교육계는 더욱 더 긴밀한 유대관계를 지녀 학생들의 인턴쉽 제도가 가능하도록 하여 이들에게 졸업전에 산업현장의 이해도를 증진시켜주며, 산업계는 교육계에 기자재 및 섬유, 직물 등의 기증과 교육계는 아이디아 제공 등을 통해 상호협조 해야만 한다. 또한 이러한 재도가 현실화되도록 정부의 적극적인 후원이 필요하다. 디자인의 창조는 문화의 창조에 기인되며, 새로운 문화의 창조는 국민의 의식을 고양시키는 교육에 먼저 기인되며, 국민에게 디자인의식을 심어주기 위하는 첫 번째 단계는 교육에 있음을 정부와 학계가 인정하고 실천해 나가야 할 것이다.

  • PDF