OVERSEAS NETWORK OF EXPORT PROMOTION AGENCY AND EXPORT PERFORMANCE: THE KOREAN CASE

Title
OVERSEAS NETWORK OF EXPORT PROMOTION AGENCY AND EXPORT PERFORMANCE: THE KOREAN CASE
Author(s)
강기천
Keywords
INTERNATIONAL-TRADE; TRANSPORT COSTS; GROWTH
Issue Date
201104
Publisher
WILEY-BLACKWELL
Citation
CONTEMPORARY ECONOMIC POLICY, v.29, no.2, pp.274 - 283
Abstract
Governments have established export promotion agencies (EPAs) in an effort to boost exports. Despite criticism regarding the effectiveness of EPAs, the policy has not been abandoned and there has been an increasing recognition of the benefits on the basis of economic justification, including market failures. Such policies must be based strictly on evidence. Are EPAs truly crucial for export success? Some have argued that export success in Korea has been due largely to government policies targeted at the promotion of exports. This paper demonstrates that the network of EPA offices abroad has been a critical factor in the success of Korea's exports. An increase of 10% in the budget of EPA's overseas offices has been shown to increase exports by 2.45%-6.34%. The findings of this paper present a clear rationale for government intervention. (JEL F10, F14).
URI
http://hdl.handle.net/YU.REPOSITORY/25390http://dx.doi.org/10.1111/j.1465-7287.2010.00214.x
ISSN
1074-3529
Appears in Collections:
상경대학 > 경제금융학부 > Articles
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