Open Access. Powered by Scholars. Published by Universities.®

Art and Design Commons

Open Access. Powered by Scholars. Published by Universities.®

PDF

Fiber, Textile, and Weaving Arts

Iowa State University

2016

KORUS FTA

Articles 1 - 1 of 1

Full-Text Articles in Art and Design

Comparative Advantage Of The United States And South Korean Manmade Textile Industries, Eonyou Shin, Caitlyn Keenan, Elena E. Karpova Jun 2016

Comparative Advantage Of The United States And South Korean Manmade Textile Industries, Eonyou Shin, Caitlyn Keenan, Elena E. Karpova

Apparel, Events and Hospitality Management Publications

This study examined the comparative advantage of manmade textile (MMT) industries in the United States (US) and South Korea (SK). The Revealed Comparative Advantage (RCA) framework was used to assess the MMT industries’ performance in both countries from 2004 to 2013. With the recent ratification of the United States-South Korea Free Trade Agreement (KORUS FTA), it is important to understand the current state of these industries. Using UN Comtrade export data, the RCA index values were calculated and analyzed for 27 MMT commodities, three aggregate groups, and the whole industry. It was found that SK had a consistent comparative advantage ...