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The Compositional Cohesion of the "Four Tiger's" Export Drive to the United States
Kellman, Mitchell H. 세종대학교 국제경제연구소 1987 Journal of Economic Integration Vol.2 No.2
The unprecented trade deficit in the U.S. balance of trade coupled with the persistent and lingering recession in the U.S., has seen a marked increase in protectionist sentiment in that country. The coincidence of the recent resurgence of exports from korea, Taiwan, Hong Kong, and Singapore to the U.S. during this period has seemingly directed this "new protectionist" sentiment against the NIC Pacific Basin exporters. To some extent, there exists a perception that these countries are acting in tandem in promoting a unified "assault" on U.S. markets. This paper examines the empirical basis for this perception. No statistical support was found for compositional homogeneity at the overall trade level. That is, these exporters tended to differ one from the other in a statistically significant manner in the product composition of their U.S.-bound exports. However, for sophisticated machinery, and products embodying a high R&D content, the homogeneity hypothesis was statistically supported. This leads one to examine further the effects of (U.S. owned) multinational corporations on inter-Pacific Basin exporters' export-compositional similarities.
Scale Economies and International Trade in a Rapidly Growing Region
David, Byron L.,Kellman, Mitchell H. 세종대학교 국제경제연구소 1997 Journal of Economic Integration Vol.12 No.1
Scale is universally acknowledged as important in the determination of national comparative advantage. Paradoxically, attempts to associate empirical measures of scale economies and international trade volume have proved largely inconclusive, and often have been found to sport the "wrong" sign. We examine the trade-scale nexus in the context of East Asian NICs and "Next-Tier" NICs whose economies and exports have grown especially rapidly since the mid-1960s. In a cross section context we replicate the negative correlations typically found in the literature. By combining time section and cross section analyses we demonstrate significant positive correlations in a dynamic context, finding that the smaller the country the greater the scale economy gains for any given population increase.(JEL Classification: F12)
Scale Economies and International Trade in a Rapidly Growing Region
( Byron L. David ),( Mitchell H. Kellman ) 세종대학교 경제통합연구소 (구 세종대학교 국제경제연구소) 1997 Journal of Economic Integration Vol.12 No.1
Scale is universally acknowledged as important in the determination of national comparative advantage. Paradoxically, attempts to associate empirical measures of scale economies and international trade volume have proved largely inconclusive, and often have been found to sport the “wrong” sign. We examine the trade-scale nexus in the context of East Asian NICs and “Next-Tier” NICs whose economies and exports have grown especially rapidly since the mid-1960s. In a cross section context we replicate the negative correlations typically found in the literature. By combining time section and cross section analyses we demonstrate significant positive correlations in a dynamic context, finding that the smaller the country the greater the scale economy gains for any given population increase. (JEL Classification: F12)