Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/316641 
Year of Publication: 
2025
Citation: 
[Journal:] East Asian Economic Review (EAER) [ISSN:] 2508-1667 [Volume:] 29 [Issue:] 1 [Year:] 2025 [Pages:] 77-104
Publisher: 
Korea Institute for International Economic Policy (KIEP), Sejong-si
Abstract: 
This paper empirically examines the impact of trade facilitation on the trade of intermediate goods in Korea, China, and Japan, along with their trading partner countries, during the period from 2008 to 2017. We particularly focus on the distinct roles of hard and soft environments in trade facilitation. Trade facilitation levels are quantified using principal component analysis, and regression analyses are conducted using the two-way fixed-effects model and the Arellano-Bond estimator. The regression results indicate that overall trade facilitation has the greatest positive impact on Korea's trade in intermediate goods. The hard environment significantly drives China's trade growth in intermediate goods, while the soft environment exerts the most substantial influence on Japan's trade growth in intermediate goods. These findings provide policy implications for regional cooperation and the enhancement of global value chains (GVCs) among Korea, China, and Japan.
Subjects: 
Trade Facilitation
Intermediate Goods Trade
Global Value Chain
JEL: 
F14
F15
F61
Persistent Identifier of the first edition: 
Creative Commons License: 
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Document Type: 
Article

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