The Rise of China and the Rebound in Korea’s Manufacturing Employment

Kyong Hyun Koo () and Unjung Whang ()
Additional contact information
Kyong Hyun Koo: Korea Institute for International Economic Policy, Postal: Building C, Sejong National Research Complex, 370, Sicheong-daero, Sejong-si,Korea, http://www.kiep.go.kr/index.do
Unjung Whang: Chonbuk National University

No 18-7, Working Papers from Korea Institute for International Economic Policy

Abstract: Over the last three decades, the world has experienced a substantial increase in Chinese import penetration due to the rapid improvement in China’s supply productivity, which is often called the “China shock” or “China syndrome.” The existing literature have shown that the increase in imports from China due to the China shock adversely affected the manufacturing employment of a number of advanced countries such as the U.S., Norway, Denmark, and Spain. Unlike those advanced countries, South Korea has shown a pronounced increase in exports to China as well as imports from China since the 1990s. Over the same time, furthermore, Korea’s manufacturing employment has shown a stagnated downward trend compared to other advanced economies and even rebounded since the mid-2000s. Given these motivations, this study investigates both import and export channels to explore how the China trade shocks affected the exceptional trend in Korea’s manufacturing employment from 1993 through 2015.

Keywords: Trade Shocks; Globalization; Labor-Market Adjustment (search for similar items in EconPapers)
JEL-codes: E24 F13 F14 F16 L60 P33 (search for similar items in EconPapers)
Pages: 60 pages
Date: 2018-12-28
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.kiep.go.kr/gallery.es?mid=a10105020000 ... ist_no=2309&cg_code= Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:kiepwp:2018_007

Access Statistics for this paper

More papers in Working Papers from Korea Institute for International Economic Policy [30147] 3rd Floor Building C Sejong National Research Complex 370 Sicheong-daero Sejong-si, Korea. Contact information at EDIRC.
Bibliographic data for series maintained by Juwon Seo ( this e-mail address is bad, please contact ).