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Trade and competition in Korean manufacturing

Min, Byung-Seong

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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]

dc.contributor.authorMin, Byung-Seong
dc.date.accessioned2013-12-09T06:18:24Z
dc.identifier.otherb18955836
dc.identifier.urihttp://hdl.handle.net/1885/11022
dc.description.abstractThe 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 foreign competition on domestic monopoly power, X-efficiency and national welfare. The market concentration of Korean manufacturing industry remained high throughout the 1970s and 1980s. The evidence suggests that financial subsidies to industry accelerated the level of market concentration, and that protection, especially through import quotas, was associated with high levels of X-inefficiency. The analysis also indicates that, in a small open economy, a rise in foreign competition has positive welfare effects, even when the economy is characterised by oligopoly and scale economies.
dc.language.isoen_AU
dc.titleTrade and competition in Korean manufacturing
dc.typeThesis (PhD)
local.contributor.supervisorDrysdale, Porfessor Peter
local.contributor.supervisorKalirajan, K.P.
local.contributor.supervisorFalvey, Rodney
local.contributor.supervisorSmith, Ben
dcterms.valid1995
local.description.notesSupervisors: Porfessor Peter Drysdale, Dr K.P. Kalirajan, Dr Rodney Falvey and Mr Ben Smith. This thesis has been made available through exception 200AB to the Copyright Act.
local.description.refereedYes
local.type.degreeDoctor of Philosophy (PhD)
dc.date.issued1994
local.contributor.affiliationThe Australian National University
local.request.nameDigital Theses
local.identifier.doi10.25911/5d74e8e4471e4
local.mintdoimint
CollectionsOpen Access Theses

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