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Estimating the effect of electrical appliances safety control act on imports of Korea

EUN JUN HYONG 1 Choi, Dong Ook 1 Ji-Su Kim 1

1상명대학교

Accredited

ABSTRACT

This study analyzes the effect of 『Electrical appliances and consumer products safety control Act』 on Korea’s import structure. We collect data from Korea Customs Service’s data and estimate the impact of the regulation on the amount of import by conducting panel DID(difference in differences) analysis. The results show that there was no significant effect when the regulation first introduced on January 2017 and that there was a signigicant decrease in July 2018 when completely revised law was implemented. Also we find that the structure has changed to the one that items with small import sizes dominate. This implies that the effects of the regulation varied depending on the characteristic of the item. This reduction of import and changes in the import structure can shed lights on the effectiveness of safety certification regulation policy.

Citation status

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