EXPLORING THE SPECTRUM OF EXPORT DESTINATION: THE GEOGRAPHIC SPREAD OF KOREAN EXPORTS, ITS DETERMINANTS, AND POLICY IMPLICATIONS

Title
EXPLORING THE SPECTRUM OF EXPORT DESTINATION: THE GEOGRAPHIC SPREAD OF KOREAN EXPORTS, ITS DETERMINANTS, AND POLICY IMPLICATIONS
Author(s)
강기천김종호[김종호]
Keywords
INTERNATIONAL-TRADE; HETEROGENEOUS FIRMS; PRODUCT VARIETY; ENTRY; DYNAMICS; PROMOTION; COLOMBIA; GRAVITY; PRICES; MEXICO
Issue Date
201012
Publisher
WILEY-BLACKWELL
Citation
DEVELOPING ECONOMIES, v.48, no.4, pp.421 - 449
Abstract
Recent research in international trade has explored the stylized facts and causes and effects of export diversification. A simple model in this paper drawing on the work of Melitz suggests that there is an order in which a country spreads its goods to foreign countries. We estimate the order by using a methodology which takes account of the fact that most goods are not exported to several countries in our sample (unbalanced panel). We find that Korea exports its new goods first to the United States, followed by Japan, Hong Kong, and Singapore, and most recently to Bosnia-Herzegovina. Finally we find that the countries that Korea has exported to first are those with large GDP, low tariff rates, geographic proximity, language familiarity, in-country Korean export promotion offices, and high-quality institutions.
URI
http://hdl.handle.net/YU.REPOSITORY/23281http://dx.doi.org/10.1111/j.1746-1049.2010.00114.x
ISSN
0012-1533
Appears in Collections:
상경대학 > 경제금융학부 > Articles
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