Technical Barriers to Trade and Korean Exports: The Role of Export Margins and Industry-Specific Characteristics

• 발행기관: 한국무역학회
• 저자명: Sangho Shin Yong Joon Jang
• 간행물 정보: 『Journal of Korea Trade (JKT)』Vol.29 No.5, 95~113쪽, 전체 19쪽
• 주제분류: 경제경영 > 무역학
• 파일형태: PDF
• 발행일자: 2025.08.31

국문 초록

Purpose - This paper investigates how the intensive and extensive margins of exports, alongside industry-specific characteristics, shape the impact of foreign Technical Barriers to Trade (TBTs) on export performance. By examining variations in capital accumulation, value-added in production, and labor productivity, it provides refined insights into how TBTs affect different industries. Design/Methodology - In order to rigorously examine these relationships, the study employs a two-way fixed-effects model within a gravity equation framework, using industry-level export data spanning 26 countries between 2014 and 2019. The model accounts for both time-invariant heterogeneity and year-specific shocks, ensuring that the estimated effects of TBTs on the intensive and extensive margins of exports are reliably identified. Findings - The results indicate that the presence of foreign TBTs generally has a detrimental impact on Korean export performance. Notably, the extensive margin is more vulnerable, as it reflects a reduction in the number of firms that can successfully engage in export activities. Nevertheless, industries characterized by higher capital accumulation, greater value-added in production, and enhanced labor productivity demonstrate a comparatively lower degree of sensitivity to these trade barriers at the extensive margin. Originality/value - These outcomes underscore the importance of a dual-focused strategy, combining diplomatic channels (such as trade negotiations and policy dialogues) with governmental interventions designed to boost the competitiveness of domestic industries. In particular, supporting small and medium-sized enterprises (SMEs) through capacity-building and productivity-enhancing initiatives emerges as a crucial step in mitigating the constraints posed by foreign TBTs.

목차

1. Introduction

2. Theoretical Background and Literature

3. Econometric Specifications and Data

4. Empirical Results

5. Conclusion

Reference

키워드

Gravity Equation Non-tariff Measures Technical Barriers to Trade Trade Policy