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    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
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    Citable URI
    http://hdl.handle.net/11540/7688
    Metadata
    Show full item record
    Thumbnail
    WP_17-03_Anatomy_of_the_Trade.pdf (2.503Mb)
    Author
    Sooyoung, Lee
    Theme
    Regional
    Trade
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise