Previous studies of the determinants of the terms of trade have typically failed to fully reflect the composition of imports and exports and the unique characteristics of trading partners, which have considerable influence on the terms of trade. In particular, most studies of Korea's terms of...

This paper investigates the effects of foreign direct investment (FDI) on the host country's economic performance, namely, its total factor productivity (TFP). Such effects are often referred to as FDI externalities or spillover effects. In addition, the paper examines whether such spillover...

We quantitatively analyse the trade effects of enhanced trade facilitation with extended gravity equations. Our findings confirm that RTAs comprised of countries equipped with better trade facilitation are more likely to be trade-creating, less likely to be trade-diverting, and are thus more...

The relation between exports and FDI could be complementary or substitutable depending on the types of FDI. Overseas investment to displace exports must have a substitution relation while FDI for vertical fragmentation between countries would boost the home export. Empirical studies have...

This article analyses industry-specific effects of Antidumping (AD) activities on trade, using the system Generalized Method of Moments (GMM) in dynamic panel date models. In the process of doing so, this article selected three frequent AD users, such as the US, the European Union (EU) and...

This paper examines how the destination of outward foreign direct investment (FDI) affects South Korean multinational parent firms. We categorize host countries into those that are developed and those that are less developed. We find that destination matters for employment and capital intensity....

The principal objective of this paper is to ascertain whether foreign direct investment (FDI) has statistically significant effects on host countries’ economic performance, such as total factor productivity. Such effects are often referred to as FDI externalities or spillover effects. This...