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한국과 동아시아 국가 간 수평적, 수직적 산업내 무역과 FDI에 관한 연구(Korea’s horizontal and vertical intra-industry trade and FDI in trade with East Asian countries)

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  • 한국과 동아시아 국가 간 수평적, 수직적 산업내 무역과 FDI에 관한 연구(Korea’s horizontal and vertical intra-industry trade and FDI in trade with East Asian countries)
  • Kim, Taegi; Ju, Kyungwon
  • 대외경제정책연구원(Korea Institute for International Economy Policy)


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Title 한국과 동아시아 국가 간 수평적, 수직적 산업내 무역과 FDI에 관한 연구(Korea’s horizontal and vertical intra-industry trade and FDI in trade with East Asian countries)
Similar Titles
Material Type Articles
Author(English)

Kim, Taegi; Ju, Kyungwon

Publisher

[서울(Seoul)]:대외경제정책연구원(Korea Institute for International Economy Policy)

Date 2007-06
Journal Title; Vol./Issue 대외경제연구(Journal of East Asian Economic Integration):vol. 11(no. 1)(June 2007)
Pages 32
Subject Country Eastern Asia(Asia and Pacific)
South Korea(Asia and Pacific)
Language Korean
File Type Link
Subject Economy < Trade
Economy < Direct Investment
Holding 대외경제정책연구원(Korea Institute for International Econom

Abstract

This paper examines Korea's intra-industry trade (IIT) by disentangling vertical from horizontal IIT, and analyzes the determinants of both IIT types in trade with East Asian countries during the period of 1991-2005. Korea's IIT with East Asian countries has increased rapidly, especially its high quality IIT, which has increased faster than horizontal IIT and low quality IIT, implying that Korea's product quality has improved over time. Korea's high quality IIT is larger in trade with developing countries, but its low quality IIT is larger in trade with Japan. The regression results show that the income differences between countries have a negative effect on horizontal IIT, and that Korea's high quality IIT becomes larger when Korea's income is higher than the income of partner countries. This supports the theory of IIT. Foreign direct investment (FDI) inflow has had a positive effect on increases in IIT, but the effects of FDI outflow are not certain. This suggests a policy implication that FDI inflow has a more positive effect on IIT than FDI outflow.