The impact of export controls on international trade: Evidence from the Japan–Korea trade dispute in semiconductor industry

IF 2.6 3区 经济学 Q1 ECONOMICS
Ryo Makioka , Hongyong Zhang
{"title":"The impact of export controls on international trade: Evidence from the Japan–Korea trade dispute in semiconductor industry","authors":"Ryo Makioka ,&nbsp;Hongyong Zhang","doi":"10.1016/j.jjie.2024.101336","DOIUrl":null,"url":null,"abstract":"<div><p>In July 2019, the Japanese government announced export controls to South Korea of three chemical inputs essential in semiconductor production. This paper investigates the short- to middle-run effect of the Japan–Korea export controls on the trade patterns of the restricted and other related products of the semiconductor industry. The results show that the export controls caused a large decline in Japanese exports to South Korea of one of the three restricted inputs, hydrogen fluoride, but not in the other two restricted inputs, photoresist and fluorinated polyimide. Second, South Korea reallocated the sourcing of the restricted chemical inputs from Japan to other economies such as Belgium, the U.S., and Taiwan. Third, there was negative spillover effect on the South Korean imports of semiconductor manufacturing equipments, which is used complementarily with the restricted inputs in the semiconductor production. These results suggest a potential role of export controls in sourcing patterns and production relocation in the semiconductor industry.</p></div>","PeriodicalId":47082,"journal":{"name":"Journal of the Japanese and International Economies","volume":"74 ","pages":"Article 101336"},"PeriodicalIF":2.6000,"publicationDate":"2024-09-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of the Japanese and International Economies","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0889158324000327","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0

Abstract

In July 2019, the Japanese government announced export controls to South Korea of three chemical inputs essential in semiconductor production. This paper investigates the short- to middle-run effect of the Japan–Korea export controls on the trade patterns of the restricted and other related products of the semiconductor industry. The results show that the export controls caused a large decline in Japanese exports to South Korea of one of the three restricted inputs, hydrogen fluoride, but not in the other two restricted inputs, photoresist and fluorinated polyimide. Second, South Korea reallocated the sourcing of the restricted chemical inputs from Japan to other economies such as Belgium, the U.S., and Taiwan. Third, there was negative spillover effect on the South Korean imports of semiconductor manufacturing equipments, which is used complementarily with the restricted inputs in the semiconductor production. These results suggest a potential role of export controls in sourcing patterns and production relocation in the semiconductor industry.

出口管制对国际贸易的影响:日韩半导体产业贸易争端的证据
2019 年 7 月,日本政府宣布对韩国出口半导体生产中必不可少的三种化学投入品实施出口管制。本文研究了日韩出口管制对半导体行业受限产品及其他相关产品贸易模式的中短期影响。结果表明,出口管制导致日本向韩国出口的三种受限投入品之一--氟化氢大幅下降,但其他两种受限投入品--光刻胶和含氟聚酰亚胺却没有下降。其次,韩国将受限化学投入品的来源从日本重新分配到其他经济体,如比利时、美国和台湾。第三,韩国进口的半导体制造设备产生了负面溢出效应,这些设备在半导体生产中与受限投入品互为补充。这些结果表明,出口管制在半导体行业的采购模式和生产转移中发挥着潜在作用。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
求助全文
约1分钟内获得全文 求助全文
来源期刊
CiteScore
5.10
自引率
6.90%
发文量
36
期刊介绍: The Journal of the Japanese and International Economies publishes original reports of research devoted to academic analyses of the Japanese economy and its interdependence on other national economies. The Journal also features articles that present related theoretical, empirical, and comparative analyses with their policy implications. Book reviews are also published.
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
确定
请完成安全验证×
copy
已复制链接
快去分享给好友吧!
我知道了
右上角分享
点击右上角分享
0
联系我们:info@booksci.cn Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。 Copyright © 2023 布克学术 All rights reserved.
京ICP备2023020795号-1
ghs 京公网安备 11010802042870号
Book学术文献互助
Book学术文献互助群
群 号:481959085
Book学术官方微信