Anatomy of the Trade Collapse, Recovery, and Slowdown: Evidence from Korea
Sooyoung, Lee | June 2017
Abstract
In the last decade, international trade has been marked by an unprecedented collapse, quick recovery, slowdown, another drop, and recovery. Using both aggregate and disaggregated trade statistics of South Korea. This paper shows that while the last drop of trade after 2015 has cyclical aspects, there is evidence that the continued slowdown from 2012 is structural. Also, firm sizes, destination countries, and the mode of transactions affect disaggregated trade flows during the slowdown periods. It is advisable to diversify main export products to lower the influence of oil prices on export prices and to strengthen the cooperation with Vietnam, whose trade barriers have exceptionally diminished throughout the last decade.
Citation
Sooyoung, Lee. 2017. Anatomy of the Trade Collapse, Recovery, and Slowdown: Evidence from Korea. © Korea Institute for International Economic Policy. http://hdl.handle.net/11540/7688.Print ISBN
978-89-322-4269-9 94320
Keywords
Government Policy
Regional Organization
Regional Plans
Economic integration
Regional Development Bank
Preferential tariffs
International negotiation
Protectionist measures
Access to markets
Economic agreements
International trade law
Regional integration
Trade relations
Regionalism
Regional Economy
Regional Trading Arrangements
Regional Trade Integration
Regional Economic Integration
Regional Cooperation
Interregional Cooperation
Trade Disputes
Trade Barriers
Regional economics
Regional planning
Regional disparities
Interregionalism
Regional economic disparities
Regional economic blocs
Industrial arbitration
Show allCollapse