The EU-South Korea FTA: Which Sector Benefits the Most?

• 발행기관: 한국무역학회
• 저자명: Janik Evert Jinhwan Oh
• 간행물 정보: 『Journal of Korea Trade (JKT)』Vol.23 No.2, 76~87쪽, 전체 12쪽
• 주제분류: 경제경영 > 무역학
• 파일형태: PDF
• 발행일자: 2019.04.30

영문 초록

Purpose - This study empirically analyzes the effects of the European Union-South Korea Free Trade Agreement on Korean exports in major sectors. Design/Methodology - This study is based on the augmented gravity model with a panel data set covering 51 countries between the years 2000 and 2015. Findings - Main findings of the present study is that the agreement has affected the chemical sector the most. Fixed effects estimation predicted a positive trade effect of 38.3%, while Poisson maximum likelihood estimation predicted an impact of 4.75% in the chemical export sector. Regression results for the other sectors only show insignificant effects. Originality/value - The findings imply that the effects of the EU-South Korea free trade agreement on the Korean exports are quite specific compared to the European ones, meaning that the Korean government should focus on sector-specific programs to maximize the welfare benefits of the free trade agreement.

목차

1. Introduction

2. Previous Studies

3. Concept, Methods, and Data

4. Findings

5. Conclusion

키워드

EU-South Korea FTA Fixed Effect Panel Data Poisson Sectoral Analyses