Korea Trade Review (무역학회지)

Korea Trade Research Association (한국무역학회)
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Sophistication of Export Basket: The Case of Petrochemical Industries in Ulsan, Korea

수출산업 고도화전략에 대한 연구: 울산지역 석유화학산업을 중심으로

  • 이병완 (영남대학교 경제금융학부) ;
  • 김태현 (한국은행 울산본부 기획조사팀)
  • Received : 2019.02.03
  • Accepted : 2019.02.25
  • Published : 2019.02.28
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Abstract

This paper seeks to recommend strategic policy options geared towards enhancing sophistication level of Ulsan City's major export industries in the Republic of Korea. Ulsan's major export industries, including shipbuilding, automobile and petrochemical industries, turn out to be based mostly on low to medium technology with low R&D intensity suggesting relatively low level of product sophistication. Using a recent Eurostat high-tech industry classification table which suggests 9 high-tech industries, the paper identifies Ulsan's chemical industry as the only RCA industry. Focusing on chemical industry products at HS 6-digit level, specific products are identified at the efficiency frontier for future policy considerations.

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Acknowledgement

This research was supported by the Bank of Korea and collaborated with its Ulsan Branch Office.

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