Effectiveness of economic sanctions against North Korea and role of China: Empirical approach
- 주제(키워드) China , Economic sanctions , Gravity model , North Korea , Trade patterns
- 등재 SCOPUS, KCI등재
- 발행기관 People and Global Business Association
- 발행년도 2017
- URI http://www.dcollection.net/handler/ewha/000000156531
- 본문언어 영어
- Published As http://dx.doi.org/10.17549/gbfr.2017.22.2.8
초록/요약
This study explores North Korea’s trade patterns and the effectiveness of economic sanctions imposed on the hermit kingdom. Using a gravity model with a panel dataset of the country’s 92 trading countries from the period of 1999 to 2014, this paper examines North Korea’s trade patterns and compares the model-based estimated bilateral trade flows with actual trade ones. Main findings are: (1) North Korea’s trade has been excessively skewed to China as a result of economic sanctions from the United Nations and international community, largely driven by the United States; (2) The U.S. - North Korea trade would not be seriously affected by the sanctions due to their low estimated trade flows; (3) The latter finding raises further questions over the effectiveness of the current sanctions and asks for active cooperation from China. © 2017 People and Global Business Association.
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