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Technology and Technical Barriers to Trade in a Vertically Differentiated Market

Author

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  • Ryu, Han Eol

    (Korea Institute for Industrial Economics and Trade)

  • Sung, Yeolyong

    (Korea Institute for Industrial Economics and Trade)

Abstract

This paper analyzes the economic effects of TBT under the existence of technological asymmetry between countries. It first defines TBTs and shows the current status and evolution of TBTs using descriptive measures. In addition, the paper also compares the technology levels of Korea to those of other countries by referencing the related literature. Next, the paper establishes a theoretical model and analyzes the economic effects of TBTs where technological asymmetry exists between trading partners. It finds the optimal TBT levels of a technologically advanced country and makes some policy suggestions to help a technologically less advanced country cope with those TBTs.

Suggested Citation

  • Ryu, Han Eol & Sung, Yeolyong, 2018. "Technology and Technical Barriers to Trade in a Vertically Differentiated Market," Occasional Papers 18/4, Korea Institute for Industrial Economics and Trade.
    • Handle: RePEc:ris:kietop:2018_004
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    More about this item

    Keywords

    technical barriers to trade; TBT; trade barriers; mutual recognition agreement; MRA; minimum quality standards; MQS; trade policy; firm behavior; organizational behavior; trade modeling; trade simulation; trade forecasting;
    All these keywords.

    JEL classification:

    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • F12 - International Economics - - Trade - - - Models of Trade with Imperfect Competition and Scale Economies; Fragmentation
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F17 - International Economics - - Trade - - - Trade Forecasting and Simulation

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