콘텐츠 바로가기
로그인
컨텐츠
  • HOME
  • SEARCH
PLUS Text Size MINUS RESET
FACEBOOK TWITTER Linked In

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Economy Trade

Print

Trade verticality and structural change in industries : The case of Taiwan and South Korea

Related Document
Frame of Image
  • Trade verticality and structural change in industries
  • Chen, Hung-Yi; Chang, Yang-Ming
  • Springer Science + Business Media, LLC


link
Title Trade verticality and structural change in industries
Similar Titles
Sub Title

The case of Taiwan and South Korea

Material Type Articles
Author(English)

Chen, Hung-Yi; Chang, Yang-Ming

Publisher

[New York, United States] : Springer Science + Business Media, LLC

Date 2006
Journal Title; Vol./Issue Open Economies Review:vol. 17
Pages 21
Subject Country South Korea(Asia and Pacific)
Taiwan(Asia and Pacific)
Language English
File Type Link
Subject Economy < Trade
Holding Research Gate
License

Abstract

This paper documents that a significant portion of trade for Taiwan and Korea follows the trend of world trade in moving toward a pattern of vertical specialization (VS). Noteworthy is the manufacturing sector, whose VS shares of exports has been steadily increasing and has accounted for more than 90% of the total VS shares of manufactured exports. For Taiwan, nearly 57% of the growth in exports is contributed by the growth in VS-based trade; for Korea, it is as high as 64%. In the analysis, we compare VS shares of exports with or without inputoutput circulation among domestic industries in an open economy. Using Taiwan as a case study, we further discuss the implications of trade liberalization through tariff reductions for trade verticality.