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Free trade agreements increase the new goods margin? : Evidence from Korea

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  • Free trade agreements increase the new goods margin?
  • Cho, Sang-Wook (Stanley)
  • UNSW Australia Business School


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Title Free trade agreements increase the new goods margin?
Similar Titles
Sub Title

Evidence from Korea

Material Type Reports
Author(English)

Cho, Sang-Wook (Stanley)

Publisher

[Sydney, Australia]:UNSW Australia Business School

Date 2016-05
Series Title; No UNSW business school research paper / 2016-02A
Pages 33
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Trade
Economy < Economic Administration
Holding UNSW Australia Business School

Abstract

This paper analyzes the role of the new goods margin, or the extensive margin, in the growth of trade between Korea and countries with which it has signed free trade agreements (FTAs). Using a methodology developed by Kehoe and Ruhl (2013), I look at the set of least-traded goods (or “new” goods) that constitutes the bottom decile of total trade value in 1995, and calculate its share of trade in 2013, when most of the bilateral trade agreements have come into full effect. On average, these new goods account for 26 percent of Korea’s exports and 31 percent of its imports post-FTA. When compared to a control group of main trade partners with no FTAs, I find that FTAs have more impact on the growth of new goods in imports rather than in exports. (The rest omitted)