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The effects of domestic mergers on exports : A case study of the 1998 Korean automobile industry

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  • The effects of domestic mergers on exports
  • Ohashi, Hiroshi; Toyama, Yuta
  • University of Tokyo


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Title The effects of domestic mergers on exports
Similar Titles
Sub Title

A case study of the 1998 Korean automobile industry

Material Type Reports
Author(English)

Ohashi, Hiroshi; Toyama, Yuta

Publisher

[Tokyo, Japan]:University of Tokyo

Date 2015-05
Series Title; No CIRJE discussion papers / F-974
Pages 47
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Trade
Economy < Economic Administration
Territorial Development < Transport/Logistics
Holding EconPapers

Abstract

This paper examines the economic consequences of a horizontal merger between Korean automakers that took place in 1998, with a particular emphasis on export market behavior. Estimates of structural demand and supply reveal that the merger enhanced production efficiency of the merged party by 6.3 percent. Simulations, based on these estimates, indicate that while the merger increased domestic prices, it also tripled the export volume of the merged party. Moreover, the e ects of the merger are found to di er by auto model according to the model's pre-merger export status. It is shown that efficiency gains from the merger are likely to increase export volumes for models that were already exported prior to the merger, and to o set domestic market power for those that were not exported even after the merger. (The rest omitted)