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Determinants of Termination of Anti-dumping Measures: The Case of Korea

Author

Listed:
  • Rhee, Jin Woo

    (GS Global)

  • Jang, Yong Joon

    (Kyung Hee University)

Abstract

This paper empirically examines what factors affected the termination of anti-dumping measures in Korea during the 2006-2019 period. Employing a meticulous literature review, the paper investigates the WTO’s and Korea’s rules on the termination of anti-dumping measures and sets up the related variables in the Cox proportional hazards model. The empirical results show that the GDP growth rate, employment, and trade competitiveness in domestic industries had positive effects on the hazard of the termination of AD measures, while free trade agreements had negative effects. By industry, the hazard of the termination of AD measures was less prominent in the steel industry, while it was more prominent in the machinery industry. These results imply that AD measures in Korea had the properties of a proper trade remedy policy and, at the same time, a protectionism tool to sustain its domestic industries, depending on industrial characteristics and other trade policies.

Suggested Citation

  • Rhee, Jin Woo & Jang, Yong Joon, 2022. "Determinants of Termination of Anti-dumping Measures: The Case of Korea," East Asian Economic Review, Korea Institute for International Economic Policy, vol. 26(2), pages 95-117, June.
    • Handle: RePEc:ris:eaerev:0406
    DOI: 10.11644/KIEP.EAER.2022.26.2.406
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    More about this item

    Keywords

    Anti-Dumping Measures; WTO Anti-dumping Agreement; Survival Analysis;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade

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