輸出入과 市場成果의 關聯性에 관한 實證硏究 = An Empirical Study on the Relations of Foreign Competition and Market Performanc

다국어 초록 (Multilingual Abstract)

During the last two decades, empirical research has provided useful insights into the relationship between international trade and market structure or market performance. Recently, interest has arisen concerning the relationship between domestic industry market performance and foreign competition.
In effect, high levels of imports dilute domestic seller concentration and reduce the power of oligopolistic firms to maintain prices above long-run average cost of production. It has been generally recognized that import competition could have a significant impact on domestic industry profitability. Moreover export opportunities has also played significant role on market performance.
The purpose of this paper is to provide further empirical evidence on the relations between foreign competition and market performance in the developing country. Thus this paper examines the influence of foreign competition on industry profitability and concludes that such competition, as represented by the level of imports, appears to exert a significant and negative effect on industry profit rates.
The multi-variate regression analysis yielded the following major results. First, Foreign factors such as import competition, exporting opportunities and entry, are an important addition to domestic structural variables in explaining inter-industry differentials in price-cost margins. Second, Import competition tends to reduce price-cost margins of oligopolistic firms. Foreign competition places a substantial limit on domestic market power. Third, domestic seller concentration has a positive effect on both industry-import share and export share. Fourth, Economies of scale manifested in the domestic industry retard import penetration and enhance export performance.
Therefore, in order to promote market performance, competition between competitive foreign firms and domestic oligopolistic firms should be encouraged, so that this will lead to not only a higher level of domestic industries' efficiency, but also improved market performance.

목차 (Table of Contents)

• Ⅰ. 서 론
• Ⅱ. 수출입과 시장성과의 관련이론
• Ⅲ. 실증분석
• Ⅳ. 결 론