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Political Economy of Protection Structure in Korea

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  • Political Economy of Protection Structure in Korea
  • Yoo, Jungho유정호
  • Korea Development Institute
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Title Political Economy of Protection Structure in Korea
Similar Titles
Material Type Reports
Author(English)

Yoo, Jungho

Author(Korean)

유정호

Publisher

Seoul:Korea Development Institute

Date 1991
Pages 44
Language English
File Type Link
Subject Economy < Trade
Holding Korea Development Institute

Abstract

The tariff structure across industries hardly supplies sufficient information for the protection structure in Korea. They were much higher than the actual tariffs of the estimated nominal rates of protection. Also, the variation across the industries in tariffs is very much different fro, the variation in NRPs. This difference suggests that NTBs are an important factor in determining the protection structure, and the importance of NTBs in turn suggests that the executive branch of the government has been influential in determining the nominal protection.
Between 1978 and 1988 the tariffs and actual tariffs substantially declined, but the average NRP for all industries rose due to a steep rise in the rate for the agricultural sector. For other sectors the NRPs declined but more slowly than the tariffs or actual tariffs. Thus, the buffer between tariffs and NRPs have diminished. The tendency that the NRPs exceed the tariffs or actual tariffs. Thus, the buffer between tariffs and NRPs have diminished. The tendency that the NRPs exceed the tariffs or actual tariffs for the agricultural sector and machinery industries changed little during the ten year period covered in this paper.