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Research on the effectiveness of import trade policy of wheat flour in Korea

In: Proceedings of the 2023 International Conference on Management Innovation and Economy Development (MIED 2023)

Author

Listed:
  • Xing Wang

    (Jilin University of Economy and Finance)

  • Aolei Hu

    (Jilin University of Economy and Finance)

  • Yu Hong

    (Jilin University of Economy and Finance)

  • Aijing Hu

    (Changchun Humanities and Sciences College)

Abstract

This study uses data from 1992 to 2021 to examine the long-run and short-run analysis of Korea's foreign trade policy and wheat flour import trade, and finds that there’s a cointegration relationship between Korea's wheat flour import comparative advantage and import intervention policy. After HP filter, the results of Granger test show that the import policy is a short-run Granger reason for comparative advantage, and the effect is negative. Meanwhile, comparative advantage is a short-run Granger reason for import policy, but its effect is positive. The empirical results show that Korea implement encouragement policy of wheat flour imports. In the short-run, Korea's encouragement of imports isn’t conducive to the formation of import comparative advantages, but the formation and development of import comparative advantages are conducive to implement import incentive policies.

Suggested Citation

  • Xing Wang & Aolei Hu & Yu Hong & Aijing Hu, 2024. "Research on the effectiveness of import trade policy of wheat flour in Korea," Advances in Economics, Business and Management Research, in: Luiz Moutinho & Carlos Flavian & Rita Yi Man Li & Qiwei Zhou (ed.), Proceedings of the 2023 International Conference on Management Innovation and Economy Development (MIED 2023), pages 305-310, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-260-6_40
    DOI: 10.2991/978-94-6463-260-6_40
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