Chaging Comparative Advantage and Intra-Industry Trade in Korean Manufacturing Industries

Taegi Kim and Sangho Kim
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Taegi Kim: Chonnam National University
Sangho Kim: Honam University

Korean Economic Review, 1998, vol. 14, 173-187

Abstract: This paper investigates changing patterns of trade in Korean manufacturing industries based on the theories of comparative advantage and intra-industry trade Korea's comparative advantage in manufacturing industries has shifted toward more physical and human capital intensive sectors over time but Korea still has comparative athantage in labor intensive sectors compared to Japan and the United States. The level of Korea's intra-industry trade has increased rapidly; since 1980 it has been greater than Japan's Moreover, Korea's intrrr in-dustry trade has become more important in capital intensive sectors over time The increase of Korea's intra-industry trade is related to the growth of per capita income trade liberalization, and the increase of foreign direct investment.

Keywords: Korea; Comparative Advantage; Intra-Industry Trade; Manufacturing Industry (search for similar items in EconPapers)
JEL-codes: F14 (search for similar items in EconPapers)
Date: 1998
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