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Analysis of North Korea’s foreign trade by revealed comparative advantages

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  • Analysis of North Korea’s foreign trade by revealed comparative advantages
  • Ahn, Kookshin
  • Chung-Ang University(Economic Research Institute)


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Title Analysis of North Korea’s foreign trade by revealed comparative advantages
Similar Titles
Material Type Articles
Author(English)

Ahn, Kookshin

Publisher

[Seoul]:Chung-Ang University(Economic Research Institute)

Date 1997-12
Journal Title; Vol./Issue Journal of Economic Development:vol. 22(no. 2)
Subject Country North Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Trade
Holding Chung-Ang University

Abstract

This paper analyzes the characteristics of North Korean economy through her foreign trade. To do this, this paper uses the ‘revealed’ comparative advantage model. The empirical results show that North Korea has achieved a little success in improving the economic structures by changing her major sector from the goods using natural resources intensively in production to the goods using relatively standard technology. However, for the foreseeable future, it seems that it will be difficult for North Korea to enter the more advanced stage, where the goods using advanced technology are taking a significant portion in the trade.