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The endogeneity of tariffs in Korea

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  • The endogeneity of tariffs in Korea
  • Heo, Yoon; Chung, Yurie
  • The Institute of Comparative Economic Studies


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Title The endogeneity of tariffs in Korea
Similar Titles
Material Type Articles
Author(English)

Heo, Yoon; Chung, Yurie

Publisher

[Tokyo]:The Institute of Comparative Economic Studies

Date 2008
Journal Title; Vol./Issue Journal of International Economic Studies:No. 22
Pages 10
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Trade
Economy < Economic Administration
Holding The Institute of Comparative Economic Studies

Abstract

This article examines the validity of the “endogenous tariff model” in Korea. For many developed countries, accounting for a tariff in its endogenous notion has become increasingly important as special interest groups play pivotal roles in shaping trade policy. Yet, little evidence exists on the determinants of tariffs in Korea. Korea is an interesting case in that its protective measures have been strategically designed and extensively implemented as a means to successful economic development. With a full set of industry specific cross-sectional data, utilizing a simultaneous equation system, the study finds that: 1) a smaller number of establishments alleviates the free-rider problem, reducing transaction costs and thereby increasing the level of protection, 2) even though import competition intensifies in the short run, it does not necessarily lead to a higher level of protection.