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Analysis of the Influential Factors of Manufactured Products Intra-Industry Trade between China-South Korea and China’ Policy

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http://www.scirp.org/journal/PaperInformation.aspx?PaperID=54071#.VOBeHSzQrzE

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ABSTRACT
In recent years, the trading contact between China and South Korea has become more and more close. In the 21st anniversary of the establishment of diplomatic relations between China and South Korea 2013, China has become South Korea’s largest export market and largest import market. At the same time, South Korea has become China’s fourth largest exporter and second largest importer of foreign trade, which contributes to the rapid development of manufactured products intra-industry trade between China and South Korea. This paper summarizes the development status of industrial manufactured products intra-industry trade between China and South Korea since 1992, and uses empirical analysis, then drawing a conclusion that the direct investment from South Korea to China, total merchandise trade between China and South Korea, and the economic development level of China have great influences on the level of intra-industry trade between China and South Korea, but the degree of the influence is different for different types of manufactured goods. Finally, this article proposes policy recommendations to promote the further development of manufactured products intra-industry trade between China and South Korea.
 
Cite this paper
Li, Y. , Dai, Q. and Huang, Q. (2015) Analysis of the Influential Factors of Manufactured Products Intra-Industry Trade between China-South Korea and China’ Policy. Theoretical Economics Letters, 5, 114-124. doi: 10.4236/tel.2015.51016.
 
References
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[2]Bela, B. (1986) The Determinants of Intra-Industry Specialization in United States Trade. Oxford Economic Review, 38.
 
[3]Wang, J. (2004) An Analysis with Substantial Evidence on the Developmental Trend of Trade in Sino-ASEAN Industries. All-Round Southeast Asia, 6, 33-37.
 
[4]Li, D. (2006) The Empirical Research on the Intra-Industry Trade in Sino-US ATP Trade. The Journal of Quantitative & Technical Economics, 8, 90-97.
 
[5]Xu, C.S. and Deng, Q.Z. (2007) Intra-Industry Trade and Its Determinants of Manufactured Goods between China and EU. Journal of International Trade, 7, 45-49.
 
[6]Li, D. (2007) Empirical Analysis on the Intra-Industry Trade between China and South Korea. Journal of International Trade, 4, 49-54.
 
[7]Greenaway, D. and Milner, C. (1994) Country-Specific Factors and the Pattern of Horizontal and Vertical Intra-Industry Trade in the UK. Weltwirtschaftliches Archive, 130.                   eww150215lx
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