Analysis of the EU - South Korea FTA and its effects on their mutual trade using the gravity model
| Název práce v češtině: | Analýza Dohody o volném obchodu mezi Evropskou Unií a Jižní Koreou a její efekt na jejich vzájemný obchod pomocí gravitačního modelu |
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| Název v anglickém jazyce: | Analysis of the EU - South Korea FTA and its effects on their mutual trade using the gravity model |
| Klíčová slova: | Dohoda o volnom obchode, EU, Kórejská republika, gravitačný model |
| Klíčová slova anglicky: | European Union, FTA, Republic of Korea, gravity model |
| Akademický rok vypsání: | 2017/2018 |
| Typ práce: | diplomová práce |
| Jazyk práce: | angličtina |
| Ústav: | Institut ekonomických studií (23-IES) |
| Vedoucí / školitel: | Mgr. Michal Paulus |
| Řešitel: | skrytý - zadáno vedoucím/školitelem |
| Datum přihlášení: | 14.06.2018 |
| Datum zadání: | 14.06.2018 |
| Datum a čas obhajoby: | 16.09.2020 09:00 |
| Místo konání obhajoby: | Opletalova - Opletalova 26, O105, Opletalova - místn. č. 105 |
| Datum odevzdání elektronické podoby: | 31.07.2020 |
| Datum proběhlé obhajoby: | 16.09.2020 |
| Oponenti: | PhDr. Pavel Vacek, Ph.D. |
| Kontrola URKUND: | |
| Seznam odborné literatury |
| Allen & Overy. 2006. Foreign Direct Investments in central and eastern Europe. Allen & Overy LLP 2006, pp. 1-69
BABUNĚK, Ondřej. 2012. Foreign Direct Investment in Visegrad Four and the Main Trading Partners. STATISTIKA 2012, 49 (4), pp. 14-26 DOROZYNSKI, Tomasz; KUNA-MARSZALEK, Anetta. 2016. Onvestments Atractiveness. The Case of the Visegrad Group Countries. Comparative Economic Research. Central and Eastern Europe Volume 19, 2016, number 1, pp. 119-140 KIM, Jung Min; RHE, Dong Kee. 2009. Trends and determinants of South Korean Outward Foreign Direct Investment. The Copenhagen Journal of Asian Studies 27 (1), pp. 126- 154 KIM, Jungmin; RHEE, Dong Kee. 2008. The Shifting Location Decisions of korean Outward FDI. Seoul NAtional University, pp. 1-29 LEE, Doowon; HUH, Hyeon- Seung. 2009. Economic Impact of Korea's Outward FDIs into developed and developing economies across Industries. Journal of korea Trade Vol. 13, No. 2, pp. 75-88 Websites: www.unctad.org Www.oecd.com |
| Předběžná náplň práce |
| Európska Únia a Južná Kórea uzatvorili medzi sebou dohodu o voľnom obchode v roku 2011 a postupne začali odstraňovať prekážky vzájomného obchodu. Táto práca skúma práve efekt tejto dohody na ich vzájomný obchod v jednotlivých sekciách produktov (SITC) od roku 2005 do 2018. K analýze využívame gravitačný model, ktorý odhadneme metódou OLS a PPML na porovnanie ich účinnosti. Táto analýza ukázala, že Dohoda o voľnom obchode medzi EU a Južnou Kóreou ovplyvnila ich vzájomný obchod vo všetkých sekciách, avšak v každej sekcii do inej mieri z dôvodu rozličných počiatočných prekážok v každej sekcii. V 9 z 10 sekcií mala dohoda pozitívny vplyv na ich vzájomný obchod ale v sekcií SITC 9 sme našli negatívny vplyv dohody na vzájomný obchod. Takisto sme nepotvrdili hypotézu, že najväčší nárast bol zaznamenaný v automobilovom a elektrotechnickom priemysle ale podľa našej analýzy najvyšší nárast zaznamenal práve priemysel chemický.
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| Předběžná náplň práce v anglickém jazyce |
| Korean FDI started to gain importance in the mid-80s when various regulations to control foreign reserves and firms’ inability to invest abroad disappeared. At the beginning the FDI were mostly focus toward the developed countries so that they can learn and imitate Western businesses and their practices and later the focus shifted even into developing countries, such as China, Vietnam etc. In order cto take advantage of their cheap labor.
In the 1990s Koreans started to invest abroad also in order to get access to different markets and to be closer to their cusomers abroad. In this time also the first Korean investments into the Visegrad group - Czechia, Hungary, Poland and the Slovak republic- were made. These investments were mostly made by big Korean family conglomerates, called chaebols, that were looking to gain global recognition. Together with them they brought many small Korean, mostly manufacturing companies, that were their direct suppliers. In my thesis I would like to show what factors of the Visegrad group countries made the country attractive for Korean FDI. By doing this I would also like to identify which factors are the most relevant and sensitive for the continuous Korean FDI into this 4 countries. I plan to delve into these inquires by using gravity model to understand the impact that future Visegrad group countries’ policies might have on Korean FDI. In the end I will also draw a comparison between these 4 countries and I point out the differences between them. The European Union (EU) and South Korea signed the EU- South Korea free trade agreement (FTA) in 2011 and since then they started to gradually remove barriers to their mutual trade. This thesis is analyzing the effects of this agreement on their bilateral trade flow in 10 commodity sections from 2005 until 2018. For this analysis we are using gravity model that is estimated by OLS and PPML method for comparison. This analysis showed that the EUSouth Korea FTA influences their mutual trade in all 10 sections differently due to different levels of protectionism at the beginning. The FTA had a positive influence on their mutual trade in 9 commodity sections out of 10. In the Section 9 we found a negative effect of the FTA. Contrary to our beliefs we also found out that the highest increase in their mutual trade was not in automobile and electronic industry but in the chemical industry. |