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East Asian Economic Review Vol. 6, No. 2, 2002. pp. 123-155.

DOI https://dx.doi.org/10.11644/KIEP.JEAI.2002.6.2.98

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A Derivation of Potential Korean Exports to Africa

Author

Heungchong Kim

Korea Institute for International Economic Policy (KIEP)

hckim@kiep.go.kr

Youngho Park

Korea Institute for International Economic Policy (KIEP)

yhpark@kiep.go.kr
Creative Commons Attribution License

EAER is an open access journal distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license.

Abstract

The aim of the paper is to derive potential Korean exports to major African countries. Park (2001) adopted conventional RCA and MCA techniques to evaluate the relative performance of Korean exports to draw up a list of recommendable exports to Africa. We improve Park's results in two ways; first, we develop a new indicator reflecting the characteristics of the African market, which was ignored in the former analysis, and second, we derive the RCA and MCA values of Chinese and Japanese exports to Africa and compare them with those of Korean products. The final list of Korea's potential exports to the African market is carefully derived and we find that competing with Japanese exports rather than Chinese ones is a more appropriate strategy for amending Korea's record of underperforming exports to Africa.

JEL classification: F14, F18, O55

Keywords

African Market, Missing Export, Marketability

Language

English

References

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