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A Study on Specialized Pattern of Trade in Service and Dynamic Change in Korea
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한국 서비스무역의 특화패턴과 동태적 변화에 관한 연구

논문 기본 정보

Type
Academic journal
Author
CHOI WON-SEOK (한성대학교) Seung-Lin Hong (한성대학교)
Journal
한국무역연구원 무역연구 무역연구 제17권 제2호 KCI Accredited Journals
Published
2021.1
Pages
175 - 189 (15page)

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A Study on Specialized Pattern of Trade in Service and Dynamic Change in Korea
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Abstract· Keywords

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Purpose This paper analyzed the specialized patterns and dynamic changes of trade in services in Korea from 2005 to 2019, and suggested the competitiveness of Korean trade in services in the global trade environment will change after COVID-19. Design/Methodology/Approach We constructed data using detailed classification statistics on trade in services, and applied the Lafay index to analyze specialized patterns. These were verified through Galtonian regression and Markov Transition Probability to measure the stability and volatility of the comparative advantage structure of trade in services in Korea. Findings The trade pattern in service in Korea is centered around sea transport freight and construction, but the comparative advantage of some new growth services and high value-added services has improved due to the influence of IT and the Korean Wave. In particular, the possibility of a decline in competitiveness among new growth services and high value-added services was higher in service products with intermediate comparative advantages than those with weak comparative advantages. Research Implications Korea’s trade in services needs policy support to develop co-prosperity while minimizing the impact of economic changes by expanding related IT infrastructure as well as discovering and improving mutual regulations on related services focusing on new growth services and high value-added services.
#Lafay Index #Trade in Service #Trade Specialization

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References (35)

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Alessandrini, M. / 2007 / The Changing Pattern of Foreign Trade Specialization in Indian Manufacturing / Oxford Review of Economic Policy 23(2):270~291 google schola Alessandrini, M. / 2010 / The Trade Specialization of SANE : Evidence from Manufacturing Industries / The European Journal of Comparative Economics 7(1):145~178 google schola Balassa, B. / 1965 / Trade Liberalization and ‘Revealed’ Comparative Advantage / The Manchester School 32(2):99~123 google schola Bae, Moon-Suk / On the 6th of Next Month, Announced Plans to Revitalize K-service Overseas Expansion…Industry Minister Sung Yun-Mo “Cultivation as a New Growth Engine / Herald Business google schola Cho, In-Taik / 2011 / A Comparative Study on the International Competitiveness of Korean Insurance Service Industry / Journal of Corporation and Innovation 4(1):115~133 google schola

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