Effects of Economic Sanctions on North Korea–China Trade:

• 발행기관: 서울대학교 경제연구소
• 저자명: Seung-Ho Jung
• 간행물 정보: 『Seoul Journal of Economics』Seoul Journal of Economics Volume 29 No.4, 481~503쪽, 전체 23쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2016.12.30

영문 초록

This study addresses whether North Korea–China trade dilutes the effectiveness of the unilateral sanctions imposed by South Korea and Japan, and if so, to what extent and in what way. The structural adjustment of North Korea’s export pattern in size and trade type dilutes the effectiveness of the unilateral sanctions imposed by South Korea in particular. South Korea’s economic sanctions significantly boost North Korea’s exports to China, and the export increase has been substantial to cover the loss from the sanctions. North Korea has increased exports to the Chinese domestic market (by general trade) and those passing through China (by bonded trade). These findings show that North Korea has mitigated the economic damage of sanctions by employing various techniques for trade diversion. Changes occur because incentives for both North Korean regime and foreign firms are expedient particularly after South Korea’s sanctions.

키워드

Economic sanctions North Korea– China trade Dynamic panel model