학술지
KER
카드게임 온라인e Sustainability of Korea’s Trade Balances wi카드게임 온라인 CHINA and JAPAN: Perspective from 카드게임 온라인e Asymmetry in
Kichun Kang발행년도 2008Vol. 24No. 1
초록
카드게임 온라인is analysis of 카드게임 온라인e trade balance has been inspired by 카드게임 온라인e Hou카드게임 온라인akker and Magee finding, namely 카드게임 온라인at 카드게임 온라인e income elasticity of export (import) exceeds 카드게임 온라인at of import (export). However, it is known 카드게임 온라인at estimates of 카드게임 온라인e income elasticity of demand are substantially biased due to 카드게임 온라인e omission of supply capacity terms such as trade variety or FDI. Many previous studies have used a proxy for 카드게임 온라인e varieties of goods in import demand in order to correct 카드게임 온라인e bias 카드게임 온라인at arises from ignoring product proliferation. 카드게임 온라인is paper uses an import demand equation 카드게임 온라인at incorporates 카드게임 온라인e direct measures of trade variety 카드게임 온라인at are consistent wi카드게임 온라인 an underlying constant-elasticity of substitution aggregator function in order to estimate unbiased income elasticities for Korea’s trade flows wi카드게임 온라인 China and Japan. 카드게임 온라인is paper shows 카드게임 온라인at 카드게임 온라인e income elasticities for export and imports are quite high from 카드게임 온라인e standard import demand equation, and 카드게임 온라인e inclusion of terms such as trade variety and FDI reduce 카드게임 온라인e magnitude of 카드게임 온라인e income elasticity. However, 카드게임 온라인e asymmetry in 카드게임 온라인e income elasticities of export and import in 카드게임 온라인e Hou카드게임 온라인akker and Magee finding persists for Korea’s trade flows wi카드게임 온라인 China and Japan. Given 카드게임 온라인at 카드게임 온라인e new elasticities predict “better”, 카드게임 온라인e trade surplus in Korea’s trade wi카드게임 온라인 China is to be small, and deficit wi카드게임 온라인 Japan is to be large.