Pub Date : 2022-11-30DOI: 10.35611/jkt.2022.26.7.43
Gong Jing
{"title":"Analysis and Countermeasures on the International Competitiveness of Telecommunication Service Trade between China, Japan, and South Korea","authors":"Gong Jing","doi":"10.35611/jkt.2022.26.7.43","DOIUrl":"https://doi.org/10.35611/jkt.2022.26.7.43","url":null,"abstract":"<jats:p />","PeriodicalId":37797,"journal":{"name":"Journal of Korea Trade","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2022-11-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42754320","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-11-30DOI: 10.35611/jkt.2022.26.7.93
Joo-Hee Min, Jiae Hwang
{"title":"Restitution as the Consequence of Frustration under English Law and Korean Law in a Comparative Perspective","authors":"Joo-Hee Min, Jiae Hwang","doi":"10.35611/jkt.2022.26.7.93","DOIUrl":"https://doi.org/10.35611/jkt.2022.26.7.93","url":null,"abstract":"<jats:p />","PeriodicalId":37797,"journal":{"name":"Journal of Korea Trade","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2022-11-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48456313","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-11-30DOI: 10.35611/jkt.2022.26.7.19
Ilhang Shin, Han-Sol Lee
{"title":"Effects of Foreign Investor Ownership on a Firm’s Innovation Process: A Focus on Business-Group Affiliation in Korea","authors":"Ilhang Shin, Han-Sol Lee","doi":"10.35611/jkt.2022.26.7.19","DOIUrl":"https://doi.org/10.35611/jkt.2022.26.7.19","url":null,"abstract":"<jats:p />","PeriodicalId":37797,"journal":{"name":"Journal of Korea Trade","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2022-11-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44632421","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-11-30DOI: 10.35611/jkt.2022.26.7.167
Byung-Chan Lee, Nak-hyun Han
{"title":"A Comparative Study on the Application of the Force Majeure Clause in International Commercial Contracts between Korea and English in the Era of COVID-19","authors":"Byung-Chan Lee, Nak-hyun Han","doi":"10.35611/jkt.2022.26.7.167","DOIUrl":"https://doi.org/10.35611/jkt.2022.26.7.167","url":null,"abstract":"<jats:p />","PeriodicalId":37797,"journal":{"name":"Journal of Korea Trade","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2022-11-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45274959","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-11-30DOI: 10.35611/jkt.2022.26.7.59
Xiaolin Chen, Qin Rui An
{"title":"When does Improvisational Capability Matter to International Entrepreneurship? The Contingent Role of Home-Based Network Ties and the Boundary Condition of Competitive Turbulence","authors":"Xiaolin Chen, Qin Rui An","doi":"10.35611/jkt.2022.26.7.59","DOIUrl":"https://doi.org/10.35611/jkt.2022.26.7.59","url":null,"abstract":"<jats:p />","PeriodicalId":37797,"journal":{"name":"Journal of Korea Trade","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2022-11-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41929471","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-11-30DOI: 10.35611/jkt.2022.26.7.109
L. Cai, Jie Cheng, Wenxiao Wang
{"title":"The Impact of Trade Facilitation on China’s Cross-border E-Commerce Exports: A Focus on the Trade Facilitation Index in RCEP Member Countries","authors":"L. Cai, Jie Cheng, Wenxiao Wang","doi":"10.35611/jkt.2022.26.7.109","DOIUrl":"https://doi.org/10.35611/jkt.2022.26.7.109","url":null,"abstract":"<jats:p />","PeriodicalId":37797,"journal":{"name":"Journal of Korea Trade","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2022-11-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47424235","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-11-30DOI: 10.35611/jkt.2022.26.7.77
Eun-Young Nam, Xiaolan Wang
{"title":"The Semiconductor Industry and High-Quality Economic Development: An International Perspective","authors":"Eun-Young Nam, Xiaolan Wang","doi":"10.35611/jkt.2022.26.7.77","DOIUrl":"https://doi.org/10.35611/jkt.2022.26.7.77","url":null,"abstract":"<jats:p />","PeriodicalId":37797,"journal":{"name":"Journal of Korea Trade","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2022-11-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43058387","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-11-30DOI: 10.35611/jkt.2022.26.7.185
Dahean Lee, Jeman Boo
{"title":"Mediating Effect of Information Sources and Platform Characteristics in E-commerce: A Comparison between Korea and China","authors":"Dahean Lee, Jeman Boo","doi":"10.35611/jkt.2022.26.7.185","DOIUrl":"https://doi.org/10.35611/jkt.2022.26.7.185","url":null,"abstract":"<jats:p />","PeriodicalId":37797,"journal":{"name":"Journal of Korea Trade","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2022-11-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49113487","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-10-31DOI: 10.35611/jkt.2022.26.6.41
Xiang Li, Hyukku Lee, Seunglin Hong
Purpose – The policy implications of free trade agreements have traditionally been a matter of debate among economists. The official signing of the Korea-China Free Trade Agreement provides economists with a quasi-natural experiment to analyze the FTA’s policy effects. This article aims to more accurately understand the impact of Korea’s FTA accession on the macro economy. Design/methodology – This study adopts the counterfactual method based on panel data to find common factors in the generation process of macro data to fit the counterfactual path, to accurately evaluate the effect of the macro policy. Findings – Our research results show that the signing of the Korea-China FTA has a relatively significant short-term positive effect on Korea's economic growth. On average, Korea’s real GDP growth rate has increased by 2.1%. This study finds evidence in support of FTA signing not having a significant impact on Korea’s GDP growth in the long run. Additionally, we evaluated the impact of the FTA on Korea’s imports and exports and found that it had a significant positive impact in the short term, but the trade effect of the FTA is significantly affected by the external macro-environment. Originality/value – First, this study uses macro panel data at the national level to examine the impact of the Korea-China FTA on Korea, and more accurately describes the policy effect of the FTA. Second, our empirical results show that the Korea-China FTA policy impact is subject to occasional changes in the external environment, such as the geopolitical conflict (crisis) between Korea and China, and the US-China trade war. Finally, the analysis shows that the short-term effect of FTA is significant but the long-term is uncertain, which provides empirical evidence for the debate on whether joining FTA can promote national economic growth.
{"title":"Evaluation of the Policy Effects of Free Trade Agreements: New Evidence from the Korea-China FTA","authors":"Xiang Li, Hyukku Lee, Seunglin Hong","doi":"10.35611/jkt.2022.26.6.41","DOIUrl":"https://doi.org/10.35611/jkt.2022.26.6.41","url":null,"abstract":"Purpose – The policy implications of free trade agreements have traditionally been a matter of debate among economists. The official signing of the Korea-China Free Trade Agreement provides economists with a quasi-natural experiment to analyze the FTA’s policy effects. This article aims to more accurately understand the impact of Korea’s FTA accession on the macro economy. Design/methodology – This study adopts the counterfactual method based on panel data to find common factors in the generation process of macro data to fit the counterfactual path, to accurately evaluate the effect of the macro policy. Findings – Our research results show that the signing of the Korea-China FTA has a relatively significant short-term positive effect on Korea's economic growth. On average, Korea’s real GDP growth rate has increased by 2.1%. This study finds evidence in support of FTA signing not having a significant impact on Korea’s GDP growth in the long run. Additionally, we evaluated the impact of the FTA on Korea’s imports and exports and found that it had a significant positive impact in the short term, but the trade effect of the FTA is significantly affected by the external macro-environment. Originality/value – First, this study uses macro panel data at the national level to examine the impact of the Korea-China FTA on Korea, and more accurately describes the policy effect of the FTA. Second, our empirical results show that the Korea-China FTA policy impact is subject to occasional changes in the external environment, such as the geopolitical conflict (crisis) between Korea and China, and the US-China trade war. Finally, the analysis shows that the short-term effect of FTA is significant but the long-term is uncertain, which provides empirical evidence for the debate on whether joining FTA can promote national economic growth.","PeriodicalId":37797,"journal":{"name":"Journal of Korea Trade","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2022-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46880242","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-10-31DOI: 10.35611/jkt.2022.26.6.1
S. Ha, Jaehong Park
Purpose – This study empirically investigates the effects of Official Development Assistance (ODA) on the economic activities of private actors in recipient countries. As a proxy for the economic activities of private actors, we utilize the job creation activities of foreign subsidiaries in recipient countries. The foreign subsidiaries provide a foundation for economic development by creating paying jobs. That is, if ODA has been successfully transferred to foreign subsidiaries, then these foreign subsidiaries should help economic growth and help create a boom in the local market by providing jobs. These jobs eventually lead to the achievement of the primary aims of foreign aid, including poverty reduction. Thus, this study empirically examines the relationship between ODA and the number of jobs created by foreign subsidiaries in recipient countries. Design/methodology – This is the first study to examine the effects of the ODA on the job creation of foreign subsidiaries because it has been hard to obtain internal information related to the employment status of foreign subsidiaries. Fortunately, we have a unique panel dataset provided by the Export- Import Bank of Korea (KEXIM) for 2006 to 2013. In terms of the empirical specification, we use the generalized least squares (GLS) method. The panel GLS estimator allows us to have an efficient estimation that overcomes the limitations of the panel data. It employs assumptions about the heteroscedasticity between the panels and makes an autocorrelation of the error term within each panel. Findings – We find that ODA influences job creation in foreign subsidiaries. In particular, we found that ODA creates more jobs in sales than in managerial or production positions. This study also shows that the effect of the ODA on the foreign subsidiaries’ job creation activities depend on the purpose of the ODA. By examining ODA effects on the foreign subsidiaries’ economic activities (e.g., job creation), this study fills a gap in the current literature. Originality/value – Existing studies that focus on the ODA effect have either a macroeconomic point or a microeconomic point of view. However, both approaches do not explain how well foreign aid has influenced private economic actors of recipient countries. In essence, previous researchers found it difficult to obtain the necessary data for internal employment status from foreign subsidiaries. However, thanks to the Korea Export-Import Bank, this study shows that ODA indeed influences the job creation activities of foreign subsidiaries even after controlling for other factors such as FDI, GDP growth rate, employment rate, household expenditure, mother firms’ share, etc. By doing so, we can examine how ODA influences the job creation of foreign subsidiaries, which might help economic development and reduce the amount of poverty in recipient countries.
{"title":"Empirical Study About ODA Effects on Job Creation","authors":"S. Ha, Jaehong Park","doi":"10.35611/jkt.2022.26.6.1","DOIUrl":"https://doi.org/10.35611/jkt.2022.26.6.1","url":null,"abstract":"Purpose – This study empirically investigates the effects of Official Development Assistance (ODA) on the economic activities of private actors in recipient countries. As a proxy for the economic activities of private actors, we utilize the job creation activities of foreign subsidiaries in recipient countries. The foreign subsidiaries provide a foundation for economic development by creating paying jobs. That is, if ODA has been successfully transferred to foreign subsidiaries, then these foreign subsidiaries should help economic growth and help create a boom in the local market by providing jobs. These jobs eventually lead to the achievement of the primary aims of foreign aid, including poverty reduction. Thus, this study empirically examines the relationship between ODA and the number of jobs created by foreign subsidiaries in recipient countries. Design/methodology – This is the first study to examine the effects of the ODA on the job creation of foreign subsidiaries because it has been hard to obtain internal information related to the employment status of foreign subsidiaries. Fortunately, we have a unique panel dataset provided by the Export- Import Bank of Korea (KEXIM) for 2006 to 2013. In terms of the empirical specification, we use the generalized least squares (GLS) method. The panel GLS estimator allows us to have an efficient estimation that overcomes the limitations of the panel data. It employs assumptions about the heteroscedasticity between the panels and makes an autocorrelation of the error term within each panel. Findings – We find that ODA influences job creation in foreign subsidiaries. In particular, we found that ODA creates more jobs in sales than in managerial or production positions. This study also shows that the effect of the ODA on the foreign subsidiaries’ job creation activities depend on the purpose of the ODA. By examining ODA effects on the foreign subsidiaries’ economic activities (e.g., job creation), this study fills a gap in the current literature. Originality/value – Existing studies that focus on the ODA effect have either a macroeconomic point or a microeconomic point of view. However, both approaches do not explain how well foreign aid has influenced private economic actors of recipient countries. In essence, previous researchers found it difficult to obtain the necessary data for internal employment status from foreign subsidiaries. However, thanks to the Korea Export-Import Bank, this study shows that ODA indeed influences the job creation activities of foreign subsidiaries even after controlling for other factors such as FDI, GDP growth rate, employment rate, household expenditure, mother firms’ share, etc. By doing so, we can examine how ODA influences the job creation of foreign subsidiaries, which might help economic development and reduce the amount of poverty in recipient countries.","PeriodicalId":37797,"journal":{"name":"Journal of Korea Trade","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2022-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46100862","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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