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The Evolutionary Trends and Influential Factors Analysis of Agricultural Trade between South Korea and RCEP Member Countries

  • Qianli Wu (Dept. of Global Business, Kyonggi University) ;
  • Jinyan Tian (Dept. of Global Business, Kyonggi University) ;
  • Haiyan Yu (Dept. of Chinese Language and Literature, Hankuk University of Foreign Studies) ;
  • Ziyang Liu (Dept. of Global Business, Kyonggi University)
  • 오천리 ;
  • 전금염 ;
  • 유해연 ;
  • 유자양
  • Received : 2024.03.23
  • Accepted : 2024.08.19
  • Published : 2024.08.31

Abstract

With the acceleration of regional economic integration, the agricultural trade network within the RCEP region presents new opportunities and challenges for member countries. This study focuses on agricultural trade among RCEP members from 2011 to 2020, utilizing social network analysis to explore the structural characteristics and evolutionary trends of the trade network. Additionally, an extended gravity model is employed to empirically analyze the key factors influencing South Korea's agricultural trade with other member countries. The findings reveal that: (1) Agricultural trade relationships within the RCEP region are stable and mature, with high interconnectivity in the trade network, indicating a trend towards balanced development. (2) The positions of member countries within the agricultural trade network are characterized by both high density and heterogeneity. (3) South Korea's agricultural trade with RCEP member countries is positively influenced by the economic size, population size, and governance level of its trading partners, while South Korea's own indicators show no significant effect. The trade distance between South Korea and member countries also has a positive impact on agricultural trade. By combining social network analysis with an extended gravity model, this study provides a multi-faceted quantitative analysis of the RCEP agricultural trade network, offering new insights into regional agricultural trade. It also provides empirical evidence for agricultural trade cooperation between South Korea and other RCEP countries.

Keywords

References

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