Technology and Technical Barriers to Trade in a Vertically Differentiated Market

Han Eol Ryu () and Yeolyong Sung ()
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Han Eol Ryu: Korea Institute for Industrial Economics and Trade, Postal: Sejong National Research Complex, Korea Institute for Industrial Economics and Trade, 370 Sicheong Dae-ro C-dong 8-12F 30147, Republic of Korea, http://www.kiet.re.kr
Yeolyong Sung: Korea Institute for Industrial Economics and Trade, Postal: Sejong National Research Complex, Korea Institute for Industrial Economics and Trade, 370 Sicheong Dae-ro C-dong 8-12F 30147, Republic of Korea, http://www.kiet.re.kr

No 18/4, Occasional Papers from Korea Institute for Industrial Economics and Trade

Abstract: This paper analyzes the economic effects of TBT under the existence of technological asymmetry between countries. It first defines TBTs and shows the current status and evolution of TBTs using descriptive measures. In addition, the paper also compares the technology levels of Korea to those of other countries by referencing the related literature. Next, the paper establishes a theoretical model and analyzes the economic effects of TBTs where technological asymmetry exists between trading partners. It finds the optimal TBT levels of a technologically advanced country and makes some policy suggestions to help a technologically less advanced country cope with those TBTs.

Keywords: technical barriers to trade; TBT; trade barriers; mutual recognition agreement; MRA; minimum quality standards; MQS; trade policy; firm behavior; organizational behavior; trade modeling; trade simulation; trade forecasting (search for similar items in EconPapers)
JEL-codes: D23 D24 F12 F13 F14 F17 (search for similar items in EconPapers)
Pages: 54 pages
Date: 2018-09-06
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Persistent link: https://EconPapers.repec.org/RePEc:ris:kietop:2018_004

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