Dynamics and Divergence of Export Specialization in Korea (Dynamics and Divergence of Export Specialization in Korea )

Yoon Heo (허윤); Nguyen K. Doanh

doi:10.18107/japs.2012.19.1.011

Dynamics and Divergence of Export Specialization in Korea

Journal of Asia-Pacific Studies
Abbr : JAPS
2012, 19(1), pp.323-358
DOI : 10.18107/japs.2012.19.1.011
Publisher : Institute of Global Affairs
Research Area : Social Science > Social Science in general

Yoon Heo ¹, Nguyen K. Doanh ²

¹서강대학교
²Thai Nguyen University of Economics and Business Administration

Accredited

ABSTRACT

This paper examines the dynamics and divergence of Korea's export specialization. Using various analytical tools, our empirical findings are summarized as follows: First, Korea follows the Heckscher-Ohlin model in that the patterns of Korea's comparative advantage have become more in conformity with its factor endowment. Second, the pattern of Korea's revealed comparative advantage has been diverged moving towards specialization. Third, while RCA indices in class a(products comparatively disadvantaged) is persistent, the corresponding figure for other classes exhibit moderate variation in their pattern. Fourth, while unskilled labor intensive products show relatively high degree of export specialization, other product categories demonstrate relatively high degree of export diversification. We find that there exists an upward trend in the degree of specialization for all commodity groups. Finally, Korea's exports are heavily dominated by technology and human capital intensive products.

KEYWORDS

xport Specialization, Structural Stability, Revealed Comparative Advantage, Galtonian Regression, Markov Transition Probability Matrix

Citation status

* References for papers published after 2023 are currently being built.

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Journal of Asia-Pacific Studies 2023 KCI Impact Factor : 0.61

Dynamics and Divergence of Export Specialization in Korea

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Citation status

* References for papers published after 2023 are currently being built.

Journal of Asia-Pacific Studies 2023 KCI Impact Factor : 0.61

Dynamics and Divergence of Export Specialization in Korea

ABSTRACT

KEYWORDS

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* References for papers published after 2023 are currently being built.