Determinants of Trade Flows between Colombia and South Korea

  This paper identifies the determinants of trade flows between Colombia and South Korea. For this purpose, the economic and commercial profile for both countries, bilateral trade and the signed FTA were analyzed. Likewise, a gravity model for total and sectorial trade with panel d...

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Main Author:	Ariza Marin, Sandra Daniela
Format:	Online
Language:	eng spa
Published:	Universidad Pedagógica y Tecnológica de Colombia 2020
Subjects:	bilateral trade; gravity model; free trade agreement; Colombia; South Korea; Comercio bilateral; modelo gravitacional; tratado de libre comercio; Corea del Sur; Colombia;
Online Access:	https://revistas.uptc.edu.co/index.php/cenes/article/view/10840

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author	Ariza Marin, Sandra Daniela
author_facet	Ariza Marin, Sandra Daniela
author_sort	Ariza Marin, Sandra Daniela
collection	OJS
description	This paper identifies the determinants of trade flows between Colombia and South Korea. For this purpose, the economic and commercial profile for both countries, bilateral trade and the signed FTA were analyzed. Likewise, a gravity model for total and sectorial trade with panel data for the period of 1993-2013 is applied, finding consistencies with the theoretical postulates. Variables such as income of the importer and exporter countries determine positive and significant bilateral trade, while the distance and landlocked decrease the likelihood of trade. Furthermore, the results of the gravity model indicate that the free trade agreements have no significant impact on trade of South Korea; however, from the analysis of the agreement it is considered that Colombian agricultural and agro-industrial products have potential opportunities to compete in the Asian country.
format	Online
id	oai:oai.revistas.uptc.edu.co:article-10840
institution	Revista Apuntes del Cenes
language	eng spa
publishDate	2020
publisher	Universidad Pedagógica y Tecnológica de Colombia
record_format	ojs
spelling	oai:oai.revistas.uptc.edu.co:article-108402022-06-17T21:35:40Z Determinants of Trade Flows between Colombia and South Korea Determinantes de los flujos comerciales entre Colombia y Corea del Sur Ariza Marin, Sandra Daniela bilateral trade; gravity model; free trade agreement; Colombia; South Korea; Comercio bilateral; modelo gravitacional; tratado de libre comercio; Corea del Sur; Colombia;   This paper identifies the determinants of trade flows between Colombia and South Korea. For this purpose, the economic and commercial profile for both countries, bilateral trade and the signed FTA were analyzed. Likewise, a gravity model for total and sectorial trade with panel data for the period of 1993-2013 is applied, finding consistencies with the theoretical postulates. Variables such as income of the importer and exporter countries determine positive and significant bilateral trade, while the distance and landlocked decrease the likelihood of trade. Furthermore, the results of the gravity model indicate that the free trade agreements have no significant impact on trade of South Korea; however, from the analysis of the agreement it is considered that Colombian agricultural and agro-industrial products have potential opportunities to compete in the Asian country. Este trabajo de investigación identifica los determinantes de los flujos comerciales entre Colombia y Corea del Sur. Para ello, se analiza el perfil comercial de ambos países, el comercio bilateral y el TLC firmado. Así mismo, se aplica un modelo gravitacional para el comercio total y sectorial con datos de panel para el período 1993-2013, encontrando consistencia con los postulados teóricos. De manera que variables como los ingresos de los países importadores y exportadores determinan el comercio bilateral positivo y significativo, mientras que la distancia y el litoral disminuyen la probabilidad de comercio. Además, los resultados del modelo gravitacional indican que los acuerdos de libre comercio no tienen un efecto significativo en el comercio de Corea del Sur de acuerdo con la estimación realizada; sin embargo, del análisis del acuerdo se considera que los productos agrícolas y agroindustriales colombianos tienen oportunidades potenciales para competir en el país asiático.   Universidad Pedagógica y Tecnológica de Colombia 2020-08-11 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer reviewed Article application/pdf text/xml https://revistas.uptc.edu.co/index.php/cenes/article/view/10840 10.19053/01203053.v39.n70.2020.10840 Apuntes del Cenes; Vol. 39 No. 70 (2020); 75-105 Apuntes del Cenes; Vol. 39 Núm. 70 (2020); 75-105 2256-5779 0120-3053 eng spa https://revistas.uptc.edu.co/index.php/cenes/article/view/10840/9835 https://revistas.uptc.edu.co/index.php/cenes/article/view/10840/11552 Copyright (c) 2020 Sandra Daniela Ariza Marin http://creativecommons.org/licenses/by-nc-sa/4.0
spellingShingle	bilateral trade; gravity model; free trade agreement; Colombia; South Korea; Comercio bilateral; modelo gravitacional; tratado de libre comercio; Corea del Sur; Colombia; Ariza Marin, Sandra Daniela Determinants of Trade Flows between Colombia and South Korea
title	Determinants of Trade Flows between Colombia and South Korea
title_alt	Determinantes de los flujos comerciales entre Colombia y Corea del Sur
title_full	Determinants of Trade Flows between Colombia and South Korea
title_fullStr	Determinants of Trade Flows between Colombia and South Korea
title_full_unstemmed	Determinants of Trade Flows between Colombia and South Korea
title_short	Determinants of Trade Flows between Colombia and South Korea
title_sort	determinants of trade flows between colombia and south korea
topic	bilateral trade; gravity model; free trade agreement; Colombia; South Korea; Comercio bilateral; modelo gravitacional; tratado de libre comercio; Corea del Sur; Colombia;
topic_facet	bilateral trade; gravity model; free trade agreement; Colombia; South Korea; Comercio bilateral; modelo gravitacional; tratado de libre comercio; Corea del Sur; Colombia;
url	https://revistas.uptc.edu.co/index.php/cenes/article/view/10840
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