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논문 기본 정보

자료유형
학술저널
저자정보
Gil Seong Kang (University of Seoul)
저널정보
한국경제연구학회 Korea and the World Economy Korea and the World Economy Vol.15 No.1
발행연도
2014.4
수록면
97 - 128 (32page)

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초록· 키워드

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This study analyzes the Korea-Africa trade flows that present a typical inter-industry trade pattern, using the gravity model and the Hausman-Taylor Method. A number of studies of Korea’s trade have been carried out previously; nevertheless, there hardly exists literature that focuses on the Korea-Africa trade. This exercise is a first-ever trial to investigate the Korea-Africa trade potentials by comparing the actual trade volume with the predicted one, through calculating fitted values based on regression coefficients. As a result, we find that the Korea-Africa trade still has room for expansion despite sharp increases in the decade. Among sub-regions, the western and southern African markets are particularly to be exploited further. We also confirm that tariffs, human networks and trade structure have significant impacts to Korea’s exports to Africa. To harness export potentials, Korea needs to be proactive in FTAs. It is also imperative to implement policy to strengthen human networks, for instances, capacity building programs of local trade facilitators. The trade complementarities with many African countries, including Algeria, are highly likely to evolve favorably for Korea’s exports with Africa’s continuous economic growth; hence opening up new opportunities for Korea’s exports and placing additional emphasis on policy efforts for favorable environment of trade with Africa.

목차

1. INTRODUCTION
2. TRADE PATTERN BETWEEN KOREA AND AFRICA
3. RELATED LITERATURE
4. ESTIMATION EQUATIONS AND DATA
5. ESTIMATION RERSULTS
6. CONCLUSION AND POLICY IMPLICATIONS
REFERENCES

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UCI(KEPA) : I410-ECN-0101-2015-300-001440224