EU-Korea FTA and Its Impact on V4 Economies : a Comparative Analysis of Trade Sophistication and Intra-Industry Trade

• Autorzy: Bartosz Michalski

Warianty tytułu

Umowa handlowa Unia Europejska-Republika Korei i jej wpływ na gospodarki krajów V4 : analiza porównawcza zaawansowania technologicznego oraz handlu wewnątrzgałęziowego

• Języki publikacji: EN

Abstrakty

EN

This paper investigates selected short- and mid-term effects in trade in goods between the Visegrad countries (V4: the Czech Republic, Hungary, Poland and the Slovak Republic) and the Republic of Korea under the framework of the Free Trade Agreement between the European Union and the Republic of Korea. This Agreement is described in the "Trade for All" (2015: 9) strategy as the most ambitious trade deal ever implemented by the EU. The primary purpose of our analysis is to identify, compare, and evaluate the evolution of the technological sophistication of bilateral exports and imports. Another dimension of the paper concentrates on the developments within intra-industry trade. Moreover, these objectives are approached taking into account the context of the South Korean direct investment inflow to the V4. The evaluation of technological sophistication is based on UNCTAD's methodology, while the intensity of intra-industry trade is measured by the GL-index and identification of its subcategories (horizontal and vertical trade). The analysis covers the timespan 2001-2015. The novelty of the paper lies in the fact that the study of South Korean-V4 trade relations has not so far been carried out from this perspective. Thus this paper investigates interesting phenomena identified in the trade between the Republic of Korea (ROK) and V4 economies. The main findings imply an impact of South Korean direct investments on trade. This is represented by the trade deficit of the V4 with ROK and the structure of bilateral trade in terms of its technological sophistication. South Korean investments might also have had positive consequences for the evolution of IIT, particularly in the machinery sector. The political interpretation indicates that they may strengthen common threats associated with the middle-income trap, particularly the technological gap and the emphasis placed on lower costs of production. (original abstract)

Artykuł poświęcony jest zbadaniu krótko- i średniookresowych efektów w handlu towarowym między krajami Grupy Wyszehradzkiej (V4: Republika Czeska, Węgry, Polska, Słowacja) a Republiką Korei (Koreą Południową) w ramach umowy o wolnym handlu między Unią Europejską a Republiką Korei. W strategii "Trade for All" to porozumienie określono mianem najambitniejszej umowy handlowej kiedykolwiek zawartej i wdrożonej przez UE. Głównym celem analizy jest zidentyfikowanie, porównanie oraz ocena zachodzących zmian w zaawansowaniu technologicznym dwustronnych strumieni eksportu i importu oraz w obrębie struktury handlu wewnątrzgałęziowego. Szerszym kontekstem badań jest ponadto napływ koreańskich inwestycji zagranicznych do krajów V4. Analiza technologicznego zaawansowania oparta jest na podejściu metodologicznym Konferencji Narodów Zjednoczonych ds. Handlu i Rozwoju, podczas gdy intensywność wymiany wewnątrzgałęziowej jest mierzona indeksem Grubela-Lloyda wraz z określeniem jej kategorii składowych (handlu poziomego i pionowego). Badaniem objęto okres 2001-2015. Nowatorskość opracowania wynika z faktu, że jak dotąd badania nad stosunkami handlowymi między Koreą Południową a krajami V4 nie zostały przeprowadzone w ten sposób. Wnioski sugerują wpływ południowokoreańskich inwestycji bezpośrednich na handel, co znajduje swoje odzwierciedlenie w deficycie handlowym oraz strukturze dwustronnej wymiany w ujęciu jej zaawansowania technologicznego. Inwestycje te mogły mieć także pozytywne skutki dla ewolucji wymiany wewnątrzgałęziowej, zwłaszcza w obrębie przemysłu maszynowego. Polityczna interpretacja wskazuje, że mogą one wzmacniać zagrożenia typowe dla pułapki średniego dochodu, zwłaszcza lukę technologiczną oraz nacisk na niskie koszty produkcji. (abstrakt oryginalny)

Słowa kluczowe

EN

National economy; Trade agreement; Intra-industry trade; Free trade area

PL

Gospodarka narodowa; Umowa handlowa; Handel wewnątrzgałęziowy; Strefy wolnego handlu

• Czasopismo: Comparative Economic Research
• Rocznik: 2018
• Tom: 21
• Numer: nr 1
• Strony: 5--23

Twórcy

autor

Bartosz Michalski

• University of Wrocław, Poland

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Identyfikatory

DOI

https://doi.org/10.2478/cer-2018-0001