콘텐츠 바로가기
로그인
컨텐츠

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Economy Economic Administration
Industry and Technology Others

Print

The South Korean auto industry : All grown up now?

Related Document
Frame of Image
  • The South Korean auto industry
  • Truett, Lila J.; Truett, Dale B.
  • The University of Texas


link
Title The South Korean auto industry
Similar Titles
Sub Title

All grown up now?

Material Type Reports
Author(English)

Truett, Lila J.; Truett, Dale B.

Publisher

San Antonio:The University of Texas

Date 2012-02
Series Title; No Working Paper Series / 008ECO-102-2011
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Economic Administration
Industry and Technology < Others
Holding The University of Texas

Abstract

Since 1962, South Korea has recognized the motor vehicle industry as a critical industry for economic development. The government has been closely involved in the industry's growth from infancy to its current position among the top five motor vehicle producers in the world. The results of this study strongly suggest that the industry as a whole has achieved a minimally efficient scale of operations. However, cross price elasticity estimates indicate that many rigidities exist in the input markets, particularly with respect to outsourced intermediate products. The restrictions on imports of these products may have to be reduced as South Korea seeks to expand its global trade footprint by participating in bilateral preferential trade agreements, presenting challenges for the industry.