Antidumping duties and macroeconomic variables: The case of Korea

Abstract

Unlike most empirical studies on the administered protection measures that dealt with the developed countries, the present study reveals the relationship between macroeconomic variables and the number of investigations of antidumping duties in Korea. The unit root tests show that it is not unrealistic to assume that all concerned variables are integrated of order one. Johansen's cointegration test shows that there is a long run equilibrium relationship between antidumping duties and real GDP growth rate. The error correction model reveals that protection measures such as antidumping duties lead to slowdown in the overall economic activities in Korea. © 2005 Society for Policy Modeling. Published by Elsevier Inc. All rights reserved.