지원사업
학술연구/단체지원/교육 등 연구자 활동을 지속하도록 DBpia가 지원하고 있어요.
커뮤니티
연구자들이 자신의 연구와 전문성을 널리 알리고, 새로운 협력의 기회를 만들 수 있는 네트워킹 공간이에요.
초록· 키워드
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Purpose - This paper uses the weighted gravity model to analyze Korean bilateral trade flows by employing a principal component. Design/methodology/approach - Many previous empirical analyses have dealt with geographic distance, cultural differences, economic system, regional integration agreements, and common language between the trading partners. However, these factors have been treated as equally weighted. Findings - The panel OLS results suggest that the effect of the distance between major trading partners has overly been estimated in the trade transaction cost. Moreover, qualitative factors, especially, language and cultural similarities play a crucial role in the trade transaction cost. In some cases, these affect the trade transaction cost more than income does. The extent of increase in the domestic income and population is more influential than that in the trading partners. Increasing the population in the trading partners reduces the volume of trade, which results in decreasing the per capita income in these countries. Research implications or Originality - This implies that the demand-sided factor dominates international trade. Overall, it could be concluded that the Korean trading pattern has been converted from the supply to the demand side. Such changes should be taken into account when establishing further trading policy in Korea.
목차
등록된 정보가 없습니다.
참고문헌 (45)
참고문헌 신청
Anderson, J. E. / 1979 / A Theoretical Foundation of the Gravity Equation / American Economic Review 69(1):106~116
Anderson, J. A. / 2003 / Gravity with Gravitas : A Solution to the Border Puzzler / American Economic Review 93(1):170~192
Anderson, J. A. / 2004 / Trade Costs / Journal of Economic Literature 42(3):691~751
Bergstrand, J. H. / 1985 / The Gravity Equation in International Trade : Some Microeconomic Foundations and Empirical Evidence / Review of Economics and Statistics 67(3):474~481
Bikker, J. A. / 1987 / An International Trade Flow Model with Substitution : An Extension of the Gravity Model / Kyklos 40(3):315~337
Anderson, J. A. / 2003 / Gravity with Gravitas : A Solution to the Border Puzzler / American Economic Review 93(1):170~192
Anderson, J. A. / 2004 / Trade Costs / Journal of Economic Literature 42(3):691~751
Bergstrand, J. H. / 1985 / The Gravity Equation in International Trade : Some Microeconomic Foundations and Empirical Evidence / Review of Economics and Statistics 67(3):474~481
Bikker, J. A. / 1987 / An International Trade Flow Model with Substitution : An Extension of the Gravity Model / Kyklos 40(3):315~337
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