Trade Between North Korea and China: Firm-Level Analysis

Seung-Ho Jung and Byung-Yeon Kim

Emerging Markets Finance and Trade, 2018, vol. 54, issue 7, 1475-1489

Abstract: Using the unique survey data involving 138 Chinese firms, this study examines the determinants of the performance of the Chinese firms doing businesses with North Korea. The business ties between the Chinese firms and their North Korean counterparts affiliated with the army are positively correlated with the former’s performance. This finding suggests that North Korea’s “Military First” policy acts as a guiding principle of the resource allocation in the country’s export sector. We also found that South Korean sanctions against North Korea were ineffective in banning North Korean goods from gaining access to the South Korean market possibly because of the circumvention of Chinese firms.

Date: 2018
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DOI: 10.1080/1540496X.2017.1373641

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