Home

    About

    Open Access Repository

    SearchBrowse by ThemeBrowse by AuthorBrowse by TypeMost Popular Titles

    Other Resources

    Curators

    Events

    Contributing Think Tanks

    Networks

    Using Content

    FAQs

    Terms of Use

    12,000+ curated items from top Think Tanks.
    JavaScript is disabled for your browser. Some features of this site may not work without it.

    Home

    About

    Open Access Repository

    SearchBrowse by ThemeBrowse by AuthorBrowse by TypeMost Popular Titles

    Other Resources

    Curators

    Events

    Contributing Think Tanks

    Networks

    Using Content

    FAQs

    Terms of Use

    The Rise of China and the Rebound in Korea’s Manufacturing Employment

    Koo, Kyong Hyun; Whang, Unjung | December 2018
    Abstract
    Unlike a number of other advanced economies, South Korea has experienced a pronounced increase in both imports from and exports to China since the rise of China, which began in the early 1990s. This study analyzes how Korea’s exposure to China’s rise and, in particular, to changes in its imports from and exports to China have affected Korean manufacturing employment. Our 2SLS estimates show that, during the period 1993-2015, Korean manufacturing industries’ increased exposure to trade with China had negligible/moderate direct employment effects, while this exposure caused relatively large indirect employment effects through Korea’s domestic industrial linkages. As a result, from 1993 to 2015, the total number of workers in Korean manufacturing firms with more than four employees appears to have increased by 1,090,000 due to the China shocks that boosted Korea’s exports to China. At the same time, manufacturing employment decreased by 1,210,000 due to the China shocks that facilitated Korea’s imports from China. These estimates imply that China’s rise considerably contributed to the relative rebound in Korea manufacturing employment that has taken place since the early 2000s. This contrasts with the downward trends in manufacturing employment in other advanced economies over the same period.
    Citation
    Koo, Kyong Hyun; Whang, Unjung. 2018. The Rise of China and the Rebound in Korea’s Manufacturing Employment. © Korea Institute for International Economic Policy. http://hdl.handle.net/11540/9818.
    Print ISBN
    978-89-322-4281-1
    Keywords
    Free Trade
    Trade Facilitation
    Trade
    Economic integration
    Regional Economic Integration
    Intraregional Trade
    Macroeconomic
    Macroeconomic Analysis
    Macroeconomic Framework
    Macroeconomic Models
    Macroeconomic Performance
    Macroeconomic Planning
    Macroeconomic Policies
    Macroeconomic Reform
    Macroeconomic Stabilization
    Economic planning
    Economic structure
    Growth policy
    Trade relations
    Trade policy
    Trade policy
    Economic development
    Economies in transition
    International economy
    Border integration
    Economic integration
    Gross domestic product
    Trade policy
    Trade Regulations
    Exchange Rate
    Regional economics
    Economic forecasting
    Economic development projects
    Success in business
    Business
    Free trade
    Business
    Economics
    Communication in economic development
    Restraint of trade
    International economic integration
    Trade blocs
    East-West
    Show allCollapse
    Citable URI
    http://hdl.handle.net/11540/9818
    Metadata
    Show full item record
    Thumbnail
    WP18-07.pdf (4.827Mb)
    Author
    Koo, Kyong Hyun
    Whang, Unjung
    Theme
    Trade
    Economics

    Related items

    • Thumbnail

      The Effects of Economic Openness on Korea’s Income Distribution 

      Kim, Young Gui; Nahm, Sihoon; Keum, Hye Yoon; Kim, Nak-Nyeon (Korea Institute for International Economic Policy, 2018-05-23)
      As global liberalization has progressed over the past few decades, the income gap between countries has declined gradually but income distribution within the country has continued to deteriorate. As income inequality became a social issue, external causes such as free trade, immigration, and international capital movements began to attract attention. Although Korea is a significant beneficiary country ...
      As global liberalization has progressed over the past few decades, the income gap between countries has declined gradually but income distribution within the country has continued to deteriorate. As income inequality became a social issue, external ...
    • Thumbnail

      An Analysis of North Korea’s Operation Mechanism to Acquire Foreign Currency: Centered on the Mineral Sector (Anthracite, Iron Ore) 

      Lim, Sooho; Yang, Moomsoo; Rhee, Jungkyun (Korea Institute for International Economic Policy, 2018-05-02)
      The international community assumes that most of the profits from North Korea's mineral exports are diverted to the development of weapons of mass destruction (WMD) such as nuclear weapons and ballistic missiles. This belief has led to the implementation of strong export sanctions since the beginning of 2016. UNSCR No. 2270 of March 2016 prohibits the export of anthracite, iron ore gold, titanium, ...
      The international community assumes that most of the profits from North Korea's mineral exports are diverted to the development of weapons of mass destruction (WMD) such as nuclear weapons and ballistic missiles. This belief has led to the implementation ...
    • Thumbnail

      The Republic of Korea’s Economic Growth and Catch-Up: Implications for the People’s Republic of China 

      Lee, Jong-Wha (Asian Development Bank Institute, 2016-04-15)
      This study investigates the economic growth and catch-up of the Republic of Korea over the past half-century. The gap of output per worker between the Republic of Korea and United States has decreased rapidly, as the Republic of Korea’s lower per capita income, relative to its potential level, has led to higher growth, confirming the prediction of a conditional convergence theory. Cross-country ...
      This study investigates the economic growth and catch-up of the Republic of Korea over the past half-century. The gap of output per worker between the Republic of Korea and United States has decreased rapidly, as the Republic of Korea’s lower per capita ...
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise