IDEAS home Printed from https://ideas.repec.org/a/mhr/jinste/urnsici0932-4569(201009)1663_548tpeopk_2.0.tx_2-y.html
   My bibliography  Save this article

The Political Economy of Preindustrial Korean Trade

Author

Listed:
  • Hun-Chang Lee
  • Peter Temin

Abstract

Preindustrial Korea had little foreign trade in spite of the advantage of being a small peninsular country. We present a theory of political economy to show that the preindustrial Korean policy of suppressing private trade, like that of China, only can be explained by noneconomic factors such as the consideration of externalities and rulers' incentives, bounded rationality of policymakers, and the path dependence of history. It was a rational or bounded-rational decision to increase total gains, that is, economic and noneconomic gains, from trade under the east Asian geopolitics.

Suggested Citation

  • Hun-Chang Lee & Peter Temin, 2010. "The Political Economy of Preindustrial Korean Trade," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 166(3), pages 548-571, September.
    • Handle: RePEc:mhr:jinste:urn:sici:0932-4569(201009)166:3_548:tpeopk_2.0.tx_2-y
    as

    Download full text from publisher

    File URL: https://www.mohrsiebeck.com/en/article/the-political-economy-of-preindustrial-korean-trade-101628093245610793102161
    Download Restriction: Fulltext access is included for subscribers to the printed version.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. David, Paul A, 1985. "Clio and the Economics of QWERTY," American Economic Review, American Economic Association, vol. 75(2), pages 332-337, May.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Duol Kim, 2021. "The great divergence on the Korean peninsula (1910–2020)," Australian Economic History Review, Economic History Society of Australia and New Zealand, vol. 61(3), pages 318-341, November.
    2. Baten, Jörg & Sohn, Kitae, 2014. "Impoverished, but Numerate? Early Numeracy in East Asia (1550?1800) and its Impact on 20th and 21st Century Economic Growth," CEPR Discussion Papers 9991, C.E.P.R. Discussion Papers.
    3. Duol Kim & Ki‐Joo Park, 2012. "A Cliometric Revolution In The Economic History Of Korea: A Critical Review," Australian Economic History Review, Economic History Society of Australia and New Zealand, vol. 52(1), pages 85-95, March.
    4. Hun-Chang Lee, 2007. "The Political Economy of Pre-industrial Trade in Northeast Asia," Hi-Stat Discussion Paper Series d07-219, Institute of Economic Research, Hitotsubashi University.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Wiebke Roß & Jens Weghake, 2018. "Wa(h)re Liebe: Was Online-Dating-Plattformen über zweiseitige Märkte lehren," TUC Working Papers in Economics 0017, Abteilung für Volkswirtschaftslehre, Technische Universität Clausthal (Department of Economics, Technical University Clausthal).
    2. Marta Gancarczyk, 2010. "Model schyłku i odrodzenia klastrów," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 3, pages 1-21.
    3. Narduzzo, Alessandro & Warglien, Massimo, 1996. "Learning from the Experience of Others: An Experiment on Information Contagion," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 5(1), pages 113-126.
    4. John S. Earle & Klara Z. Sabirianova, 2002. "How Late to Pay? Understanding Wage Arrears in Russia," Journal of Labor Economics, University of Chicago Press, vol. 20(3), pages 661-707, July.
    5. Rehák Štefan & Buček Milan & Hudec Oto, 2013. "Path dependency and path plasticity in emerging industries," ZFW – Advances in Economic Geography, De Gruyter, vol. 57(1-2), pages 52-66, October.
    6. Beomjin Choi & T. S. Raghu & Ajay Vinzé & Kevin J. Dooley, 2019. "Effectiveness of standards consortia: Social network perspectives," Information Systems Frontiers, Springer, vol. 21(2), pages 405-416, April.
    7. Mahzouni, Arian, 2019. "The role of institutional entrepreneurship in emerging energy communities: The town of St. Peter in Germany," Renewable and Sustainable Energy Reviews, Elsevier, vol. 107(C), pages 297-308.
    8. Georg Erber, 1994. "Verdoorn's or Okun's Law?: Employment and Growth Experiences in OECD Countries, 1960-1993," Discussion Papers of DIW Berlin 98, DIW Berlin, German Institute for Economic Research.
    9. Atallah, Shadi S. & Huang, Ju-Chin & Leahy, Jessica & Bennett, Karen, 2020. "Preference Heterogeneity and Neighborhood Effect in Invasive Species Control: The Case of Glossy Buckthorn in New Hampshire and Maine Forests," 2020 Annual Meeting, July 26-28, Kansas City, Missouri 304623, Agricultural and Applied Economics Association.
    10. McCloskey Deirdre Nansen, 2018. "The Two Movements in Economic Thought, 1700–2000: Empty Economic Boxes Revisited," Man and the Economy, De Gruyter, vol. 5(2), pages 1-20, December.
    11. Yunyao Li & Yanji Ma, 2022. "Research on Industrial Innovation Efficiency and the Influencing Factors of the Old Industrial Base Based on the Lock-In Effect, a Case Study of Jilin Province, China," Sustainability, MDPI, vol. 14(19), pages 1-23, October.
    12. Wenjun Guo & Wei Zhao & Min Min, 2022. "Operation Scale, Transfer Experience, and Farmers’ Willingness toward Farmland Transfer-In: A Case Study of Rice–Crayfish Cultivating Regions in China," Sustainability, MDPI, vol. 14(7), pages 1-16, March.
    13. Francesco Lamperti & Giovanni Dosi & Mauro Napoletano & Andrea Roventini & Alessandro Sapio, 2018. "And then he wasn't a she : Climate change and green transitions in an agent-based integrated assessment model," Working Papers hal-03443464, HAL.
    14. Mehrdad Vahabi, 1998. "The Relevance of the Marshallian Concept of Normality in Interior and in Inertial Dynamics as Revisited by G. SHACKLE and J. KORNAI," Post-Print hal-00629181, HAL.
    15. Christian Dahl Winther, 2007. "Optimal research effort and product differentiation in network industries," Economics Working Papers 2007-19, Department of Economics and Business Economics, Aarhus University.
    16. Randall Morck & Lloyd Steier, 2005. "The Global History of Corporate Governance: An Introduction," NBER Chapters, in: A History of Corporate Governance around the World: Family Business Groups to Professional Managers, pages 1-64, National Bureau of Economic Research, Inc.
    17. Scharpf, Fritz W. & Mohr, Matthias, 1994. "Efficient self-coordination in policy networks: A simulation study," MPIfG Discussion Paper 94/1, Max Planck Institute for the Study of Societies.
    18. Kevin Lansing, 2009. "Time Varying U.S. Inflation Dynamics and the New Keynesian Phillips Curve," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 12(2), pages 304-326, April.
    19. Cecere, Grazia & Corrocher, Nicoletta & Battaglia, Riccardo David, 2015. "Innovation and competition in the smartphone industry: Is there a dominant design?," Telecommunications Policy, Elsevier, vol. 39(3), pages 162-175.
    20. Carayol, Nicolas & Dalle, Jean-Michel, 2007. "Sequential problem choice and the reward system in Open Science," Structural Change and Economic Dynamics, Elsevier, vol. 18(2), pages 167-191, June.

    More about this item

    JEL classification:

    • N75 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - Asia including Middle East
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mhr:jinste:urn:sici:0932-4569(201009)166:3_548:tpeopk_2.0.tx_2-y. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Thomas Wolpert (email available below). General contact details of provider: https://www.mohrsiebeck.com/jite .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.