환동해 국가간 무역구조와 보완관계 분석

다국어 초록 (Multilingual Abstract)

This paper aims to analyze the trade structure and its complementarity among the countries located on the East Sea rim. In this analysis, China, Japan, Korea and Russia are included in the region. In reviewing their trade relation of complementarity and competition, we utilized several experimental indices. While some are already defined such as the export similarity index (ESI) and Grubel-Lloyd intra-industry index, others are newly defined in this study such as potential trade complementarity index (PTCI) and revealed trade complementarity index (PTCI) for evaluating their trade structure.
From empirical analysis on trade complementarity in this region, we expect to draw some policy implications on the regional economic cooperation and bilateral trade issues such as the free trade agreement. We confirmed the trend of uprising China and down-sliding Japan in East Sea trade as well as in world trade. Also we identified some rationale of economic importance of America's position in this region. Although U.S. share in East Sea trade has declined over the last decade or more, U.S. is still providing basic momentum for the trade and economic growth in this region. Thus the policy priority should be placed on improving trade environment including the free trade agreements with U. S. and China.

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