Economic Development and Intra-industry Trade in the Republic of Korea

Abstract

JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new forms of scholarship. For more information about JSTOR, please contact support@jstor.org. Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use, available at https://about.jstor.org/terms Center for Economic Integration, Sejong University is collaborating with JSTOR to digitize, preserve and extend access to Journal of Economic Integration This content downloaded from 210.48.222.13 on Wed, 13 Sep 2023 05:05:06 +00:000 0 0 0 0 0 0 0 0 0 0 0 All use subject to https://about.jstor.org/terms Abstract Vertical intra-industry trade dominates horizontal intra-industry trade in Korea. A time series analysis on both these types of intra-industry trade yields the following: (I) vertical intra industry trade was caused by the rapid economic development that the Korean economy experienced in the past thirty years and (2) horizontal intra-industry trade was more random in nature caused only by the aggregate volume of trade.