Do technical barriers to trade restrict exports? Evidence from South Korea
Journal Publication ResearchOnline@JCUAbstract
Our study utilizes a gravity model and upgraded database of non-tariff measures to empirically assess the effect that Technical Barriers to Trade have on exports to Korea’s 57 trading partners using the Poisson Pseudo Maximum Likelihood(PPML) method. Overall, our results showed that the 1% increase in the level of TBT notification leads to around 0.15% decrease in Korean exports to High-Income trading partners and the 0.13% decrease to Medium-Income trading partners. At the same time, however, TBT measures also promote the export of high demand products by increasing transparency. Given such findings, relevant policy implications are discussed.
Journal
Korea and the World Economy
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Volume
21
ISBN/ISSN
2234-2346
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Issue
2
Pages Count
26
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Publisher
The Association of Korean Economic Studies
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