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한국EU학회> Asia-Pacific Journal of EU Studies> EU Trade with Korea: From Deficit to Surplus A Gravity Approach to Assess the Impact of the EU-Korea FTA on Bilateral Trade1

EU Trade with Korea: From Deficit to Surplus A Gravity Approach to Assess the Impact of the EU-Korea FTA on Bilateral Trade1

Massimiliano Porto
  • : 한국EU학회
  • : Asia-Pacific Journal of EU Studies 16권2호
  • : 연속간행물
  • : 2018년 12월
  • : 71-105(35pages)

DOI


목차

I. INTRODUCTION
II. EU-KOREA TRADE: AN OVERVIEW
III. DEVELOPMENTS OF THE ECONOMETRIC SPECIFICATION OF THE GRAVITY MODEL
IV. DATA, MAIN RESULTS AND DISCUSSION
V. CONCLUSION
REFERENCES

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초록 보기


						
After five years of implementation of the EU-Korea Free-Trade Agreement (FTA), the European Union (EU) was able to turn consistent and persistent trade deficits with South Korea into a surplus, signalling the positive effects of the EU-Korea FTA on the EU exports to South Korea. On the other hand, Korean expectations were not met. Some reasons for this unexpected result for South Korea include the economic recession in Europe, South Korea’s concentrated export structure, and the relocation of Korean firms’ production base abroad. However, it should be noted that the EU-Korea FTA produced positive effects on South Korea in these years as it could prevent further reduction of Korean exports to the EU. Using latest best practices in the gravity model literature, I examine the impact of the EU-Korea FTA on EU-Korea trade through a gravity model consisting of 100 countries over the period 2004-2016, at aggregated and disaggregated level, and for each EU member. The breakdown at disaggregated data and for each EU member enable a better understanding about which lines of commodities and countries benefitted more from the EU-Korea FTA.

UCI(KEPA)

간행물정보

  • : 사회과학분야  > 경제학
  • :
  • :
  • : 반년간
  • : 1598-8902
  • :
  • : 학술지
  • : 연속간행물
  • : 2003-2018
  • : 138


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5EU Trade with Korea: From Deficit to Surplus A Gravity Approach to Assess the Impact of the EU-Korea FTA on Bilateral Trade1

저자 : Massimiliano Porto

발행기관 : 한국EU학회 간행물 : Asia-Pacific Journal of EU Studies 16권 2호 발행 연도 : 2018 페이지 : pp. 71-105 (35 pages)

다운로드

(기관인증 필요)

초록보기

After five years of implementation of the EU-Korea Free-Trade Agreement (FTA), the European Union (EU) was able to turn consistent and persistent trade deficits with South Korea into a surplus, signalling the positive effects of the EU-Korea FTA on the EU exports to South Korea. On the other hand, Korean expectations were not met. Some reasons for this unexpected result for South Korea include the economic recession in Europe, South Korea's concentrated export structure, and the relocation of Korean firms' production base abroad. However, it should be noted that the EU-Korea FTA produced positive effects on South Korea in these years as it could prevent further reduction of Korean exports to the EU. Using latest best practices in the gravity model literature, I examine the impact of the EU-Korea FTA on EU-Korea trade through a gravity model consisting of 100 countries over the period 2004-2016, at aggregated and disaggregated level, and for each EU member. The breakdown at disaggregated data and for each EU member enable a better understanding about which lines of commodities and countries benefitted more from the EU-Korea FTA.

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