Research objective: We focus first on the relationship between offshoring modes and productivity. In particular, we analyze and compare the relationship across groups: non-offshoring, international outsourcing, and FDI. The second area of focus is material offshoring and service offshoring and...

The purpose of this paper is to analyse whether FTAs cause the income levels of member economies to converge or diverge. Although existing studies predict the possibility of convergence among FTA members to a certain degree, they fail to provide definitive evidence. By using the concept of...

This paper investigates the bilateral trade pattern between South Korea and the United States and examines the economic impact of a Korea-United States (KORUS) free trade agreement (FTA). Three related general equilibrium approaches were used to investigate the effects of a KORUS FTA. The static...

Korea, an emerging donor country, largely considers its economic relations to recipients when allocating its aid. Such practices were preceded by Japan before the 1990s. We expect those similar practices between the two countries will make resemblance in aid outcomes. On a macro-level, we show...

What is the relationship between trade and economic growth? Does trade positively affect economic growth? Owing to the ambiguity of this relationship, the empirical relationship has remained open ( <link rid="b23">Rodriguez and Rodrik, 2001</link>; <link rid="b4">Baldwin, 2003</link>). This paper introduces "trade structure" variables,...