Abstract
Today's world economy is changing on a daily basis with extensions in the economic cooperation of various countries. With the deepening of the so-called block economy, as in the case of Korea where reliance on other countries is high, any form of a weakened foreign trade might result in the decline in competitive power and retardation in economy growth of participating country states. The purpose of this study is to examine each stage of the industrial development of Korea, China, and Japan, as well as to establish the specialization strategy of industry from this economic cooperation perspective. Thereafter, the effects of the Korea-China-Japan economic cooperation are evaluated and analyzed. The analyses of this study are largely divided into two parts. First, the analysis of input-output model among the three countries is conducted in order to establish the specialization strategy of industry, stressing industries that have higher production inducement coefficients. Second, after evaluating each production inducement coefficient and by applying real values to final demand by country and industry (i.e., in both cases of "no cooperation"and "economic cooperation"), we compare the figures of each scenario and analyze which case is more economically efficient.
| Original language | English |
|---|---|
| Pages (from-to) | 109-124 |
| Number of pages | 16 |
| Journal | Regional and Sectoral Economic Studies |
| Volume | 11 |
| Issue number | 1 |
| Publication status | Published - 2011 Jul 28 |
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All Science Journal Classification (ASJC) codes
- Economics and Econometrics
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The economic effects of economic cooperation of Korea, China, and Japan. / Park, Young Ji; Kim, Kabsung; Harrington, James W.
In: Regional and Sectoral Economic Studies, Vol. 11, No. 1, 28.07.2011, p. 109-124.Research output: Contribution to journal › Article
TY - JOUR
T1 - The economic effects of economic cooperation of Korea, China, and Japan
AU - Park, Young Ji
AU - Kim, Kabsung
AU - Harrington, James W.
PY - 2011/7/28
Y1 - 2011/7/28
N2 - Today's world economy is changing on a daily basis with extensions in the economic cooperation of various countries. With the deepening of the so-called block economy, as in the case of Korea where reliance on other countries is high, any form of a weakened foreign trade might result in the decline in competitive power and retardation in economy growth of participating country states. The purpose of this study is to examine each stage of the industrial development of Korea, China, and Japan, as well as to establish the specialization strategy of industry from this economic cooperation perspective. Thereafter, the effects of the Korea-China-Japan economic cooperation are evaluated and analyzed. The analyses of this study are largely divided into two parts. First, the analysis of input-output model among the three countries is conducted in order to establish the specialization strategy of industry, stressing industries that have higher production inducement coefficients. Second, after evaluating each production inducement coefficient and by applying real values to final demand by country and industry (i.e., in both cases of "no cooperation"and "economic cooperation"), we compare the figures of each scenario and analyze which case is more economically efficient.
AB - Today's world economy is changing on a daily basis with extensions in the economic cooperation of various countries. With the deepening of the so-called block economy, as in the case of Korea where reliance on other countries is high, any form of a weakened foreign trade might result in the decline in competitive power and retardation in economy growth of participating country states. The purpose of this study is to examine each stage of the industrial development of Korea, China, and Japan, as well as to establish the specialization strategy of industry from this economic cooperation perspective. Thereafter, the effects of the Korea-China-Japan economic cooperation are evaluated and analyzed. The analyses of this study are largely divided into two parts. First, the analysis of input-output model among the three countries is conducted in order to establish the specialization strategy of industry, stressing industries that have higher production inducement coefficients. Second, after evaluating each production inducement coefficient and by applying real values to final demand by country and industry (i.e., in both cases of "no cooperation"and "economic cooperation"), we compare the figures of each scenario and analyze which case is more economically efficient.
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UR - http://www.scopus.com/inward/citedby.url?scp=79960659873&partnerID=8YFLogxK
M3 - Article
AN - SCOPUS:79960659873
VL - 11
SP - 109
EP - 124
JO - Regional and Sectoral Economic Studies
JF - Regional and Sectoral Economic Studies
SN - 1578-4460
IS - 1
ER -