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부문별 조기무역자유화의 경제적 효과 (Economic effects of early voluntary sectoral liberalization on the Korean economy)

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Title 부문별 조기무역자유화의 경제적 효과 (Economic effects of early voluntary sectoral liberalization on the Korean economy)
Similar Titles
Material Type Reports
Author(Korean)

유재원; 이홍구

Publisher

서울:대외경제정책연구원

Date 1998-12
Series Title; No 연구보고서 / 98-07
ISBN 89-322-1078-0
Pages 96
Subject Country South Korea(Asia and Pacific)
Language Korean
File Type Documents
Original Format pdf
Subject Economy < Trade
Holding 대외경제정책연구원; KDI 국제정책대학원

Abstract

We examined the merits of the proposals for early voluntary sectoral liberalization (EVSL) as applied to Korea by considering their potential effects on welfare and trade flows. For that purpose, we took up 15 commodity sectors for analysis. (For nine of them, the liberalization plan is supposed to be implemented immediately, and, for the remaining six, their liberalization is to be carried out later.) We first looked at the patterns of comparative advantage of these sectors. According to the revealed comparative indices calculated for the sectors considered, Korea has comparative advantage in fertilizers, automotive, fish and fish products, gems and jewellery. On the other hand, Korea has comparative disadvantage in chemicals, forest products, medical equipment and instruments, food, oilseeds and oilseed products. Second, we considered the effects of EVSL on trade flows. By eliminating tariffs, EVSL is expected to increase imports in Korea. (The rest omitted)