Does the gravity model explain south Korea's trade flows?

Japanese Economic Review

Volumn 56, Issue 4, 2005, Pages 417-430

  Sohn, Chan Hyun ^a  

^a YOKOHAMA NATIONAL UNIVERSITY   (Japan)

Author keywords

[No Author keywords available]

Indexed keywords

ASIAN PACIFIC ECONOMIC COOPERATION FORUM; INTERNATIONAL COOPERATION; INTERNATIONAL TRADE; TRADE FLOW; TRADE POLICY;

ASIA; CHINA; EURASIA; FAR EAST; JAPAN; KOREA; NORTH KOREA; SOUTH KOREA;

EID: 33745266386     PISSN: 13524739     EISSN: 14685876     Source Type: Journal    
DOI: 10.1111/j.1468-5876.2005.00338.x     Document Type: Article

References (28)

1. Anderson, J. E. (1979) "A Theoretical Foundation for the Gravity Equation", American Economic Review, Vol. 69, pp. 106-116.
2. Anderson, J. E. and E. van Wincoop (2003) "Gravity with Gravitas: A Solution to the Border Puzzle", American Economic Review, Vol. 93, pp. 170-192.
3. Baldwin, R. E. (1994) Towards an Integrated Europe, London: CEPR.
4. Bergstrand, J. H. (1985) "The Gravity Equation in International Trade: Some Microeconomic Foundations and Empirical Evidence", Review of Economics and Statistics, Vol. 67, pp. 474-481.
5. Bergstrand, J. H. (1989) "The Generalized Gravity Equation, Monopolistic Competition and the Factor-Proportions Theory in International Trade", Review of Economics and Statistics, Vol. 71, pp. 143-153.
6. Buch, C. M., J. Kleinert and F. Toubal (2003) The Distance Puzzle: On the Interpretation of the Distance Coefficient in Gravity Equations, Kiel Working Paper No. 1159.
7. Deardorff, V. A. (1998) "Determinants of Bilateral Trade: Does Gravity Work in a Neoclassic World?" in J. A. Frankel (ed.), The Regionalization of the World Economy, Chicago: University of Chicago Press, pp. 7-28.
8. Egger, P. (2002) "An Econometric View on the Estimation of Gravity Models and the Calculation of Trade Potentials", World Economy, Vol. 25, pp. 297-312.
9. Evenett, S. J. and W. Keller (2002) "On Theories Explaining the Success of the Gravity Equation", Journal of Political Economy, Vol. 110, pp. 281-316.
10. Feenstra, R. C., J. R. Markusen and A. K. Rose (1998) Understanding the Home Market Effect and the Gravity Equation: The Role of Differentiating Goods, NBER Working Paper No. 6804.
11. Feenstra, R. C., J. R. Markusen and A. K. Rose (2001) "Using the Gravity Equation to Differentiate among Alternative Theories of Trade", Canadian Journal of Economics, Vol. 34, pp. 430-447.
12. Frankel, J. A. (1997) Regional Trading Blocs in the World Economic System. Washington, DC: Institute for International Economics.
13. Gormely, J. P. and J. M. Morrill (1998) Korea's International Trade in Goods: The Potential for Increase Exports to and Imports from Trade Partners. Seoul: Korea Institute for Industrial Economics and Trade.
14. Grossman, G. M. (1998) "Comment on Deardorff", in J. A. Frankel (ed.), The Regionalization of the World Economy. Chicago: University of Chicago Press, pp. 29-31.
15. GTAP Version 4 (1995) http://www.agecon.purdue.edu/gtap/index.htm
16. Harrigan, J. (2003) "Specialization and the Volume of Trade: Do the Data Obey the Laws?" in E. K. Choi and J. Harrigan (eds.), Handbook of International Trade. Oxford: Blackwell Publishing, pp. 85-118.
17. Helpman, E. and P. Krugman (1985) Market Structure and Foreign Trade: Increasing Returns, Imperfect Competition and the International Economy. Cambridge, Mass.: MIT Press.
18. Kandogan, Y. (2003) "Intra-industry Trade of Transition Countries: Trends and Determinants", Emerging Markets Review, Vol. 4, pp. 272-286.
19. Kindred, D. (1997) "Great Circle Distance", Bali on Line. http://www.indo.com/distance
20. Krugman, P. (1991) "The Move towards Free Trade Zones", in Policy Implications of Trade and Currency Zones, Proceedings of a Symposium sponsored by the Federal Reserve Bank of Kansas City.
21. McCallum, J. (1995) "National Borders Matter: Canada-US Regional Trade Patterns", American Economic Review, Vol. 85, pp. 615-623.
22. Nilsson, L. (2000) "Trade Integration and the EU Economic Membership Criteria", European Journal of Political Economy, Vol. 16, pp. 807-827.
23. Scollay, R. and J. Gilbert (2001) New Regional Trading Arrangements in the Asia Pacific, Washington, DC: Institute for International Economics.
24. Sohn, C.-H. (2003) The Trend of Intra-Industry Trade in East Asia, unpublished research report, KIEP, Seoul (in Korean).
25. Sohn, C.-H. and J. Yoon (2001) Korea's FTA Policy: Current Status and Future Prospects, Discussion Paper No. 01-01, Korea Institute for International Economic Policy, Seoul.
26. Srinivasan, T. N. (1995) "Long-run Growth Theories: Anything New?" in T. Ito and A. Krueger (eds.), Growth Theories in Light of the East Asian Experience, Chicago: University of Chicago Press, pp. 37-70.
27. Trefler, D. (1995) "The Case of the Missing Trade and Other Mysteries", American Economic Review, Vol. 85, pp. 1029-1046.
28. Wall, J. H. (1999) "Using the Gravity Model to Estimate the Costs of Protection", January/February Review of Federal Bank of Saint Louis.