Impact Assessment of the Colombia-Korea FTA: An Empirical Approach
Códigos JEL.: F10, F14, F15
- Autores:
-
Caraballo Candela, David Santiago
- Tipo de recurso:
- Work document
- Fecha de publicación:
- 2025
- Institución:
- Universidad de los Andes
- Repositorio:
- Séneca: repositorio Uniandes
- Idioma:
- eng
- OAI Identifier:
- oai:repositorio.uniandes.edu.co:1992/75388
- Acceso en línea:
- https://hdl.handle.net/1992/75388
- Palabra clave:
- Trade flow
FTA
Gravity model
Synthetic counterfactual
Economía
- Rights
- openAccess
- License
- https://repositorio.uniandes.edu.co/static/pdf/aceptacion_uso_es.pdf
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Impact Assessment of the Colombia-Korea FTA: An Empirical Approach |
| title |
Impact Assessment of the Colombia-Korea FTA: An Empirical Approach |
| spellingShingle |
Impact Assessment of the Colombia-Korea FTA: An Empirical Approach Trade flow FTA Gravity model Synthetic counterfactual Economía |
| title_short |
Impact Assessment of the Colombia-Korea FTA: An Empirical Approach |
| title_full |
Impact Assessment of the Colombia-Korea FTA: An Empirical Approach |
| title_fullStr |
Impact Assessment of the Colombia-Korea FTA: An Empirical Approach |
| title_full_unstemmed |
Impact Assessment of the Colombia-Korea FTA: An Empirical Approach |
| title_sort |
Impact Assessment of the Colombia-Korea FTA: An Empirical Approach |
| dc.creator.fl_str_mv |
Caraballo Candela, David Santiago |
| dc.contributor.author.none.fl_str_mv |
Caraballo Candela, David Santiago |
| dc.subject.keyword.none.fl_str_mv |
Trade flow FTA Gravity model Synthetic counterfactual |
| topic |
Trade flow FTA Gravity model Synthetic counterfactual Economía |
| dc.subject.themes.none.fl_str_mv |
Economía |
| description |
Códigos JEL.: F10, F14, F15 |
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2025 |
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2025-01-14T13:13:52Z |
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2025-01-14T13:13:52Z |
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2025-01 |
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eng |
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eng |
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Documentos CEDE; 2025-01 |
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https://ideas.repec.org/p/col/000089/021296.html |
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66 páginas |
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Universidad de los Andes |
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Facultad de Economía |
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Universidad de los Andes |
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Caraballo Candela, David Santiago2025-01-14T13:13:52Z2025-01-14T13:13:52Z2025-011657-7191https://hdl.handle.net/1992/75388Códigos JEL.: F10, F14, F15This paper examines the impact of the Colombia-Korea Free Trade Agreement (FTA) on trade flows following its entry to force, sanctioned by the Colombian government in 2016. Employing a structural gravity model of trade and synthetic control methods, it estimates trade creation and trade diversion effects at both aggregate and sectoral levels. Results suggest that, while the FTA did not significantly impact overall trade flows, Colombia experienced a notable trade creation effect, with a 54% increase in exports, particularly in agricultural products and heavy metals. In contrast, Korea saw a 28% decline in its trade volume, primarily due to reduced sales of automotive, and industrial and electronic machinery. Evidence also points to null trade diversion effects among the FTA members, which is consistent with expectations given the low economic interdependence between the two countries, as trade flows with their usual regional partners have been sustained.Este artículo examina el impacto del Tratado de Libre Comercio (TLC) entre Colombia y Corea del Sur sobre los flujos comerciales luego de su entrada en vigor, sancionado por el Gobierno colombiano en 2016. Empleando un modelo gravitacional estructural del comercio y métodos de control sintético, se estiman los efectos de creación y desviación de comercio tanto a nivel agregado como sectorial. Los resultados sugieren que, si bien el TLC no afectó significativamente los flujos comerciales totales, Colombia experimentó un notable efecto de creación de comercio, con un aumento del 54% en las exportaciones, particularmente en productos agrícolas y metales pesados. En contraste, Corea del Sur registró una disminución del 28% en su volumen comercial, debido principalmente a la reducción en las ventas de maquinaria automotriz, industrial y electrónica. La evidencia también sugiere efectos nulos de desviación de comercio entre los miembros del TLC, lo cual es consistente con las expectativas, dado el bajo nivel de interdependencia económica entre ambos países, ya que se han mantenido los flujos comerciales con sus socios regionales habituales.66 páginasapplication/pdfengUniversidad de los AndesFacultad de EconomíaDocumentos CEDE; 2025-01https://ideas.repec.org/p/col/000089/021296.htmlhttps://repositorio.uniandes.edu.co/static/pdf/aceptacion_uso_es.pdfinfo:eu-repo/semantics/openAccesshttp://purl.org/coar/access_right/c_abf2Impact Assessment of the Colombia-Korea FTA: An Empirical ApproachDocumento de trabajoinfo:eu-repo/semantics/workingPaperinfo:eu-repo/semantics/publishedVersionhttp://purl.org/coar/resource_type/c_8042http://purl.org/coar/version/c_970fb48d4fbd8a85Texthttp://purl.org/redcol/resource_type/WPTrade flowFTAGravity modelSynthetic counterfactualEconomíaPublicationORIGINALdcede2025-01.pdfdcede2025-01.pdfapplication/pdf12639097https://repositorio.uniandes.edu.co/bitstreams/8fb1310d-9610-4859-b7f5-2afb57aec79e/download86d9f9ea1f7d19e793b553dc640453f7MD51LICENSElicense.txtlicense.txttext/plain; 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