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Vertical intra-industry trade and product quality : The case of South Korea, 1996–2003

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  • Vertical intra-industry trade and product quality
  • Kang, Minsung; Lee, Jeong-Dong
  • Oviedo University Press


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Title Vertical intra-industry trade and product quality
Similar Titles
Sub Title

The case of South Korea, 1996–2003

Material Type Reports
Author(English)

Kang, Minsung; Lee, Jeong-Dong

Publisher

[Asturias]:Oviedo University Press

Date 2012-11
Journal Title; Vol./Issue Economics and Business Letters:Vol. 1(No. 3)
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Trade
Economy < Direct Investment
Holding Oviedo University Press

Abstract

This paper contributes to empirical research of intra-industry trade, especially vertical intraindustry trade (VIIT), by two aspects. Firstly, we separate VIIT into higher-export-price VIIT and lower-export-price VIIT. Secondly, we give attention to R&D and FDI stock in explaining VIIT determinants. Applied to panel data representing South Korea’s bilateral trade with 15 OECD countries and Taiwan from 1996 through 2003, this alternative makes an intricate understanding of the VIIT determinants possible. Main empirical findings are that South Korea’s R&D investments focus on price competitiveness while its inward FDI seeks efficiency and its outward FDI seeks a market in this period.