콘텐츠 바로가기
로그인
컨텐츠

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Economy Trade

Print

Is Korea exploiting its trade potentials in Africa? : Gravity equation analysis and policy implications

Related Document
Frame of Image
  • Is Korea exploiting its trade potentials in Africa?
  • Kang, Gil Seong
  • The Association of Korean Economic Studies


link
Title Is Korea exploiting its trade potentials in Africa?
Similar Titles
Sub Title

Gravity equation analysis and policy implications

Material Type Articles
Author(English)

Kang, Gil Seong

Publisher

[Seoul]:The Association of Korean Economic Studies

Date 2014-04
Pages 32
Subject Country Africa(Africa)
South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Trade
Holding The Association of Korean Economic Studies

Abstract

This study analyzes the Korea-Africa trade flows that present a typical inter-industry trade pattern, using the gravity model and the Hausman-Taylor Method. A number of studies of Korea’s trade have been carried out previously; nevertheless, there hardly exists literature that focuses on the Korea-Africa trade. This exercise is a first-ever trial to investigate the Korea-Africa trade potentials by comparing the actual trade volume with the predicted one, through calculating fitted values based on regression coefficients. As a result, we find that the Korea-Africa trade still has room for expansion despite sharp increases in the decade. Among sub-regions, the western and southern African markets are particularly to be exploited further. We also confirm that tariffs, human networks and trade structure have significant impacts to Korea’s exports to Africa. To harness export potentials, Korea needs to be proactive in FTAs. (The rest omitted)