Trade, Jobs, and E-Commerce: Evidence from Korea

Lee, Kyu Yub; Bae, Chankwon; Lee, Soo Young; Park, Ji Hyun; Yoo, Saebyul

doi:10.2139/ssrn.3142492

Cited by 1 publication

(2 citation statements)

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“…The return on capital for producers of non-tradables, cross-border e-commerce goods, and traditional tradables is characterized by R 1 , R 2 , and R 3 , respectively. The nominal wages paid by these various producers, including cross-border e-commerce export trade intermediaries, are expressed as W 1 , W 2 , W 3 , and W 4 . The labor time contributed by households to these different production and trade sectors is marked by L 1 , L 2 , L 3 , and L 4 , respectively (L = L 1 + L 2 + L 3 + L 4 ).…”

Section: Householdmentioning

confidence: 99%

“…An expanding corpus of scholarly literature offers insights into the symbiosis between cross-border e-commerce and an array of green macroeconomic factors. Pioneering research such as Lee et al [3] examined the impact of sustainable e-commerce on South Korea's green output and employment patterns, underscoring its pivotal role in fostering environmental preservation. Concurrently, detailed explorations such as Kim et al [4] shed light on the sustainability transitions enacted by traditional sectors amid the e-commerce wave.…”

Section: Introductionmentioning

confidence: 99%

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Traversing the Macroeconomic Terrain: An Exploration of South Korea’s Economic Responsiveness to Cross-Border E-Commerce Production Technology Alterations in the Global Arena

Li,

He,

2023

Sustainability

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The principal aim of this study is to discern the implications of technology shocks in the sphere of cross-border e-commerce on the macroeconomic indices of South Korea. Leveraging Bayesian estimation techniques, we scrutinized quarterly data from the inaugural quarter of 2000 through to the first quarter of 2022 to perform an empirical exploration. Deductions drawn from the impulse response function indicate that a positive perturbation in the technology of sustainable cross-border e-commerce production instigated a swell in output and investment for both non-tradable and cross-border e-commerce goods producers. Conversely, the sector of traditional tradable goods exhibited a decrease in output and investment. Additionally, this favorable technology shock appears to have amplified household consumption and employment, along with wages in the non-tradable and sustainable cross-border e-commerce goods sectors. In stark contrast, the traditional tradable sector demonstrated a decline in household consumption, employment, and wages. Intriguingly, the technology shock also exerted an influence on the pricing system, causing a rise in the prices of non-tradable goods and cross-border e-commerce goods. On the other hand, the prices of traditional tradable goods experienced a downward turn. These insights provide a pathway to an understanding of how advancements in sustainable e-commerce technology can mold an array of macroeconomic factors in a digitally evolved economy such as South Korea.

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Section: Householdmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%