Vertical intra-industry trade and product quality: the case of South Korea, 1996â€“2003
Minsung Kang and
Jeong-Dong Lee ()
Economics and Business Letters, 2012, vol. 1, issue 3, 37-47
This paper contributes to empirical research of intra-industry trade, especially vertical intra-industry trade (VIIT), by two aspects. Firstly, we separate VIIT into higher-export-price VIIT and lower-export-price VIIT. Secondly, we give attention to R&D and FDI stock in explaining VIIT determinants. Applied to panel data representing South Koreaâ€™s bilateral trade with 15 OECD countries and Taiwan from 1996 through 2003, this alternative makes an intricate understanding of the VIIT determinants possible. Main empirical findings are that South Koreaâ€™s R&D investments focus on price competitiveness while its inward FDI seeks efficiency and its outward FDI seeks a market in this period.
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Persistent link: https://EconPapers.repec.org/RePEc:ove:journl:aid:9475
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