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Effects of consumer sophistication on export competition between Korea and China

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  • Effects of consumer sophistication on export competition between Korea and China
  • Kim, Chong Sup; La, Jung Joo
  • The Association of Korean Economic Studies


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Title Effects of consumer sophistication on export competition between Korea and China
Similar Titles
Material Type Articles
Author(English)

Kim, Chong Sup; La, Jung Joo

Publisher

[Seoul]:The Association of Korean Economic Studies

Date 2012-04
Journal Title; Vol./Issue Korea and the World Economy:vol. 13(no. 1)
Pages 15
Subject Country China(Asia and Pacific)
South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Trade
Holding AKES

Abstract

This paper investigates the effects of importing country’s consumer sophistication on the export competition between Korea and China. This concept is rarely applied to examine trade pattern of a country at the international level. It is believed that Korea has experienced a negative impact from expansion of Chinese export as Korea competes with China in many ways. However, this study shows that China’s impact on Korean export is small or negligible in countries whose consumers are sophisticated. Empirical evidences demonstrate that the most affected Korean exports are labor intensive products, low skill and technology intensive products, and medium skill and technology intensive products. In case of high skill and technology intensive products, the impact of China’s export expansion is not significant.