한,중,일 간 경제통합에 따른 무역창출효과 분석

Analysis of Trade Creation Effect by Economic Integration between Japan, China and Korea: Application of International Input-Output Table

This study adopted an intermational input-output framework to quantitatively measure the interdependence between Japan, China and Korea, three major economies in Northeast Asia, Empirical analysis was centered on the direction of ``trade creation effect`` and of the changes in trade dependency ratios, utilizing the Hypothetical Extraction Method (HEM). The empirical analysis suggested given the industrial linkage structure between the three countries, Korea`s industrial production will rely more on domestic final demand under a Korea-China-Japan Economic Integration. It can be expected that a South Korean trade creation effect becomes the largest in South Korea, China, and the ripple effect of the production and trade by the economic integration will be developed on a target onc by from now on, the management of a strategic policy which set the focus to China is desirable.