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1 Value Chain Transition in East Asian Production Network  / 2015 /  Journal of International Logistics and Trade  / vol.13, no.3, pp.7 / 

10.24006/jilt.2015.13.3.7

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East Asian Economic Review Vol. 15, No. 3, 2011. pp. 27-48.

DOI https://dx.doi.org/10.11644/KIEP.JEAI.2011.15.3.233

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Changes in China’s Influence on Korean Exports by Production Phase

Author

Wanjoong Kim

Dong-A University

wk7862@dau.ac.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

I estimate the impact of China’s GDP on Korean exports to the world and Korean exports to China based on the VAR model. It is found that the responses of Korean exports to shocks in China’s GDP are very different by export type (exports of raw materials, capital goods, and consumption goods). Reflecting the trend that the proportion of capital goods in Korean exports is increasing, Korean exports of capital goods respond most sensitively to these shocks among the three export types. Another finding is that Korean exports of raw materials do not respond very sensitively relative to the other export types. These findings are almost same as those for Korean exports to China in terms of response to GDP shocks. In addition, Korean exports to the world and Korean exports to China are more responsive to China’s GDP growth shocks over time.

JEL classification: F10, F14, F41, F51

Keywords

Korea, China, Exports, Raw Materials, Capital Goods, Consumption Goods

Language

English

References

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