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The EU-South Korea FTA: Which Sector Benefits the Most?

Title
The EU-South Korea FTA: Which Sector Benefits the Most?
Authors
Evert, JanikOh, Jinhwan
Ewha Authors
오진환
SCOPUS Author ID
오진환scopus
Issue Date
2019
Journal Title
JOURNAL OF KOREA TRADE
ISSN
1229-828XJCR Link
Citation
JOURNAL OF KOREA TRADE vol. 23, no. 2, pp. 76 - 87
Keywords
EU-South Korea FTAFixed EffectPanel DataPoissonSectoral Analyses
Publisher
KOREA TRADE RESEARCH ASSOC
Indexed
SSCI; SCOPUS; KCI WOS
Document Type
Article
Abstract
Purpose - This study empirically analyzes the effects of the European Union-South Korea Free Trade Agreement on Korean exports in major sectors. Design/Methodology - This study is based on the augmented gravity model with a panel data set covering 51 countries between the years 2000 and 2015. Findings - Main findings of the present study is that the agreement has affected the chemical sector the most. Fixed effects estimation predicted a positive trade effect of 38.3%, while Poisson maximum likelihood estimation predicted an impact of 4.75% in the chemical export sector. Regression results for the other sectors only show insignificant effects. Originality/value - The findings imply that the effects of the EU-South Korea free trade agreement on the Korean exports are quite specific compared to the European ones, meaning that the Korean government should focus on sector-specific programs to maximize the welfare benefits of the free trade agreement.
DOI
10.35611/jkt.2019.23.2.76
Appears in Collections:
국제대학원 > 국제학과 > Journal papers
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