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Do free trade agreements increase the new goods margin? : Evidence from Korea

Related Document
Frame of Image ded – Recent studies have identified the importance of extensive margin during periods of trade liberalization
Kehoe and Ruhl (2013, JPE)
– Consider an alternative definition – Intensive margin: growth in goods previously traded in “large” amounts – Extensive margin: growth in goods previously traded in“small” (or zero) amounts (labelled “least-traded goods”) – They examine the importance of these margins at the product level and find strong correlation between the initial trade composition and its post-liberalization growth. (eg. NAFTA)
What this paper does
– Use Kehoe and Ruhl’s methodology to see how much of the growth in Korea’s trade (1995–2013) is due to increased trade in these least-traded goods – Compare FTA partners versus non-FTA partners – Identify potential drivers – tariff barriers and relative prices
What this paper finds
– I find strong growth of trade in new goods with countries with FTA (both EXP and IMP)
What this paper finds
– I find strong growth of trade in new goods with countries with FTA (both EXP and IMP) – Compared to non-FTA partners, however, the growth is stronger with exports to non-FTA partners than exports to FTA partners. For imports, the growth is stronger from FTA partners.
What this paper finds
– I find strong growth of trade in new goods with countries with FTA (both EXP and IMP) – Compared to non-FTA partners, however, the growth is stronger with exports to non-FTA partners than exports to FTA partners. For imports, the growth is stronger from FTA


Full Text
Title Do free trade agreements increase the new goods margin?
Similar Titles
Sub Title

Evidence from Korea

Material Type Proceedings
Author(English)

Cho, Sang-Wook

Publisher

[Sejong, Korea]:University of New South Wales

Date 2016
Event

KDI Journal of Economic Policy Conference

Pages 33
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Trade
Holding Korea Development Institute