Trade and competition in Korean manufacturing
The primary objective of this thesis is to examine the efficiency and welfare effects on Korean manufacturing of an increase in competition from foreign firms. The Korean case is of interest because it represents an experience with liberalisation of a protected manufacturing sector in a small open economy. In the study, the imperfectly competitive nature of Korea's manufacturing sector is explicitly incorporated into the model. The analysis focuses first on the effects of an increase in...[Show more]
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