• International Area Studies Review
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• v.20 no.1
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• pp.53-78
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• 2016

This study is to analyze the effects of both the bilateral FTA and a home and its trade partner's FTAs on the trade with 62 country-pair panel data over the period of 2003-2013 using the gravity model and the spatial autoregressive model. First, the study analyzes how the bilateral FTAs affect the trade using the gravity model and the spatial model. Next, the article analyzes how the home and its trade partners' FTAs affect their trade using only the spatial model under controlling the bilateral FTA. The empirical results are summarized as the followings: first, the spatial mode fits well more than the gravity model in analyzing the relationship between the bilateral FTA and trade. It implies that the spatial spillover effect of FTA is important in the international trade with FTA. Second, the bilateral FTA plays a role in expanding the trade between or among the FTA members as proved by the previous studies. Third, the more the home and its trade partners' FTAs, the more the bilateral trade are extended. Fourth, with the bilateral FTAs, as the home and its trade partners enter into more FTAs, the bilateral trade reduces due to trade diversion effects. In conclusion, this study provides a political implication that in order to increase the trade volume, a country enters into as many FTAs as possible because the effects of the bilateral FTAs would decrease.

• Management & Information Systems Review
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• v.37 no.2
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• pp.87-108
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• 2018

This article explores the international trade flow of Bangladesh's ready-made garments (RMG). We first suggest the brief history and an international structure of trade among countries by using the trade volume. Then we implemented a gravity model regression with the sample of 38 major partner countries in order to investigate the potential export market for the RMG industry. The fixed effect and random effect model for the panel data during the period of 1990 to 2011 are estimated. Our result shows that Bangladesh's RMG exports are affected positively by the size of economy, inflation, exchange rate, foreign direct investment(FDI) and trade openness. On the other hand, the distance between trading partners are related negatively with the trade volume. We used the estimated coefficients from the panel regression in order to predict RMG export potential of Bangladesh. This might show which country is the promising export market for Bangladesh RMG industry. We found that Bangladesh has the highest potential of RMG export with Japan and USA, which seem to have considerable room for export growth if trade barriers and constraints are removed. We added some policy implications for encouraging the RMG export of Bangladesh by using the results from the analysis.

• Korea Trade Review
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• v.47 no.4
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• pp.197-213
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• 2022

This study aims to investigate the relationship between cargo volume and logistics performance index published by World Bank which indicate countries' logistics performance. In this study, the results were derived through panel regression analysis consisting of variables such as gross domestic product, geographical distance, population, and LPI using container export/import volume and bulk export/import volume as dependent variables. As a result of the empirical analysis, it was found that Korea's container volume was affected by the overall level of logistics, in particular, was deeply related to the logistics infrastructure, while bulk volume was not related to the logistics level or was less influential.

• Journal of Korea Trade
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• v.25 no.4
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• pp.88-107
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• 2021

Purpose - Using a model that highlights Ricardian comparative advantage and Cournot competition, I derive theoretical predictions on how bilateral measures of trade intensity, specialization, and intra-industry are interrelated, and how Ricardian productivity differences affect these measures. We test the predictions using trade and production data, and confirm them. Design/methodology - A simple two-country general equilibrium model is constructed to derive theory-based bilateral indexes. We then test the relationships among them using panel data for 35 countries and 14 industries between 1996 and 2008. Findings - Bilateral trade intensity is increasing in specialization, as in the classical trade theory, and in intra-industry trade, as in the new trade theory. However, productivity differences positively affect specialization, and negatively affect intra-industry trade. These effects cancel each other; thus productivity differences have little impact on trade intensity. Originality/value - This paper provides a comprehensive conceptual framework for understanding the relationship among trade intensity, specialization, intra-industry trade, and productivity differences. We derive theory-consistent measures of specialization, intra-industry trade, and productivity differences. Moreover, we reevaluate the empirical relevance of these variables for the study of gravity equations. This paper is also an effort to capture oligopolistic competition in a general equilibrium framework, interests in which recently resurged.

• Journal of Korea Trade
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• v.27 no.3
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• pp.161-178
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• 2023

Purpose - purpose of this paper is to analyze the effects of the investment facilitation levels of 11 RCEP countries (excluding Myanmar, Brunei, and Laos due to lack of data) on China's outward foreign direct investments(OFDI) using balanced panel data from 2010 to 2019. Design/methodology - First, four investment facilitation measurement indicators (regulatory environment, infrastructure, financial market, ease of doing business) were selected,investment facilitation scores of the 11 countries were obtained using the principal component analysis, an investment gravity model was established with nine explanatory variables (investment facilitation level, market size, population, geographic distance, degree of opening, tax level, natural resources, whether the country is an APEC member or not, and whether a valid bilateral investment treaty with China has been concluded) were used to establish an investment gravity model, and regression analyses were conducted with OLS and system GMM. Findings - The results of the regression analyses showed that investment facilitation levels had the greatest effect on China's OFDI, all four first-level indicators had positive effects on China's OFDI, and among them, the institutional environment had the greatest effect. In addition, it was shown that explanatory variables such as market size, population, geographical distance, degree of openness, natural resources, and whether or not a valid bilateral investment treaty has been concluded would have positive effects on China's OFDI, while tax levels and APEC membership would impede China's OFDI to some extent. Originality/value - Since the Regional Comprehensive Economic Partnership (RCEPT) came into effect not long ago, there are not so many studies on the effects of investment facilitation levels of RCEP member states on China's OFDI, and the investment facilitation measurement index constructed in this paper is relatively systematic and scientific because it includes all the contents of investment facilitation related to the life cycle of company's foreign direct investments.

• Journal of Korea Trade
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• v.27 no.2
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• pp.47-60
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• 2023

Purpose - This paper assesses the trade potential and efficiency of Korea and China in the aquatic products trade. Trade efficiency and potential are the main factors that affect the growth of a country's trade. In this study, a time-varying stochastic frontier trade gravity model was constructed to analyze the trade potential and efficiency between Korea and China. By integrating the results of trade theory and empirical analysis, measures and suggestions were proposed to encourage the release of trade potential of fish exports between Korea and China. Design/methodology - In this paper, GDP per capita instead of economic size was chosen as an explanatory variable, and population size and relative distance were selected as explanatory variables to measure trade potential. For trade non-efficiency terms, regional organizations, political factors, and economic factors were mainly considered, and variables such as free trade agreements, political stability, regulatory quality, government efficiency, currency freedom, investment freedom, financial freedom, and trade freedom were selected. Panel data for South Korea and 14 aquatic products trading partners (including China) from 2002 to 2020 were used in the empirical analysis. Findings - In the past 19 years, South Korea's export trade potential of aquatic products to China has never been lower than 70%. It was above 90% from 2006 to 2018, and has been at a high level for a long time. This shows that China's aquatic product market has large potential for development. Originality/value - This study examines the effectiveness and potential of South Korea's exports of aquatic items to China in a methodical and comprehensive empirical manner. The evaluation of the export trade potential of South Korea's aquatic goods to China is more precise when the effects of regional organization, political, and economic variables are taken into account in the trade non-efficiency term of the stochastic frontier gravity model. At the same time, we propose to increase the scale of South Korea's aquatic products trade from the perspective of China's demand. This issue of trade studies is underexplored both empirically and in theory, although the issue has long been important to Korean and world trade.

• Journal of the Computational Structural Engineering Institute of Korea
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• v.25 no.1
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• pp.19-26
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• 2012

In this study the progressive collapse behavior of a moment frame with infill steel panels is evaluated using nonlinear static pushdown analysis. The analysis model is a two story two span structure designed only for gravity load, and the load-displacement relationship is obtained with the center column removed. To obtain local stress and strain as well as the global structural behavior, finite element analysis is conducted using ABACUS. Through the analysis the effect of the span length and the thickness of the steel plate on the progressive collapse behavior of the structure is investigated, and the effect of the dividing the infill panel using stud columns is also studied. According to the analysis results, the thickness of the panels required to prevent progressive collapse increases as the span length increases, and as the number of panel division increases the progressive collapse resisting capacity increases slightly but the effect is not significant. It is also observed that when the infill panel is installed in only a part of the span the progressive collapse resisting capacity is somewhat increased.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.12 no.12
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• pp.5963-5973
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• 2011

Current design and analyzing methods about soil nailing structures, developed on the basis of results obtained from experiments in laboratory or in field and numerical analyses, have applied different interaction mechanisms between the reinforced nails and the surrounding ground, and different safety factors against failure have been obtained. They might be proper approaches if the assumptions about rigidity of nails and ground conditions are met with actual conditions occurred in field. Otherwise, they would result in designing on analyzing in inappropriate ways so that it is needed to evaluate the validity of them. Therefore, in this research using the Centrifugal Model Testing, numerical parameters experiments about soil nailing structures' behavior and failure mechanism were performed. In the numerical parameters experiments, transmuted nail's length, setting angle, nail's front panel, stiffness variously, and increased the level of gravity until wall model was destroyed. Based on experimental results, we compared the effect, failure mechanism caused from parameters changes. By reviewing and comparing centrifugal model test results and methods currently in use, verified validity of existing methods.

• International Area Studies Review
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• v.22 no.3
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• pp.85-119
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• 2018

This paper investigates the effects of exchange rate and labor skill composition on Vietnam's trade balance with her twenty main trading partners. Using balanced panel data from 2000 to 2016, the authors analyze Vietnam's total trade balance and the trade balance which is disaggregated based on labor skill sophistication. Three main findings are presented. Firstly, exchange rate has a positive effect on Vietnam's trade balance, but the small value of estimated coefficient indicates that its effect is limited. Secondly, Vietnam's trade balance of the high labor-skill produced and medium-skill white collar labor-produced goods is worsened when VND (Vietnamese Dong) depreciates. Thirdly, moving up the labor skill ladder and promoting the none-price competitiveness of the high labor-skill produced and medium-skilled white collar labor-produced goods can improve Vietnam's total trade balance, while promoting the low-skill labor-produced and medium-skill blue collar-labor produced goods can no longer contribute to Vietnam's total trade balance.

• Composites Research
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• v.19 no.6
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• pp.8-15
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• 2006

In this study, computational rotor dynamic analyses of a composite roller used for large LCD panel manufacturing process have been conducted. The present computational method is based on the general finite element method with rotating gyroscopic effects of rotor systems. General purpose commercial finite element code, SAMCEF which has special rotordynamics analysis module is applied. For the purpose of numerical verification, comparison study for a benchmark dual rotor model with support bearings is also presented. Detailed finite element models for composite roller with optimized lamination angles are constructed and analyzed considering gravity effect in order to investigate vibration characteristics in actual operation environment. As results of the present study, rotor stability diagrams and mass unbalance responses are presented for different rotating conditions.