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Effectiveness of economic sanctions against North Korea and role of China: Empirical approach

Title
Effectiveness of economic sanctions against North Korea and role of China: Empirical approach
Authors
Choi J.Kim H.Oh J.
Ewha Authors
오진환
SCOPUS Author ID
오진환scopus
Issue Date
2017
Journal Title
Global Business and Finance Review
ISSN
1088-6931JCR Link
Citation
Global Business and Finance Review vol. 22, no. 2, pp. 8 - 15
Keywords
ChinaEconomic sanctionsNorth KoreaTrade patternsGravity model
Publisher
People and Global Business Association
Indexed
SCOPUS; KCI scopus
Document Type
Article
Abstract
This study explores North Korea’s trade patterns and the effectiveness of economic sanctions imposed on the hermit kingdom. Using a gravity model with a panel dataset of the country’s 92 trading countries from the period of 1999 to 2014, this paper examines North Korea’s trade patterns and compares the model-based estimated bilateral trade flows with actual trade ones. Main findings are: (1) North Korea’s trade has been excessively skewed to China as a result of economic sanctions from the United Nations and international community, largely driven by the United States; (2) The U.S. - North Korea trade would not be seriously affected by the sanctions due to their low estimated trade flows; (3) The latter finding raises further questions over the effectiveness of the current sanctions and asks for active cooperation from China. © 2017 People and Global Business Association.
DOI
10.17549/gbfr.2017.22.2.8
Appears in Collections:
국제대학원 > 국제학과 > Journal papers
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