Bulletin n. 1/2009 | ||
July 2009 | ||
Bernadette Andreosso-O'Callaghan |
||
Economic structural complementarity: how viable is the Korea-EU FTA? | ||
in Journal of Economic Studies , Volume 36 Issue 2 , 2009 , 147 - 167 | ||
Economic structural complementarity between country A and country B, or the way the two countries specialize in different industries is a useful tool for the analysis of the likely impact of trade liberalization. Although implicit in earlier work on economic integration, this concept has been overshadowed subsequently, probably because of the “econometrization” of the studies on trade liberalization. This paper aims to discuss first the relevance of the concept of structural complementarity between two economies in the context of regional integration. Second, since the EU and Korea are on the verge of signing a free trade agreement (FTA), it aims to show that measuring economic structural complementarity in the case of these two countries is all the more desirable. | ||