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Transaction Costs And Export Channels Of Small And Medium‐Sized Enterprises: The Case Of Korea

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Listed:
  • LINSU KIM
  • JEFFREY B. NUGENT
  • SEUNG‐JAE YHEE
Abstract
This paper develops hypotheses concerning firm‐ and industry‐specific factors determining the relative importance to manufacturing exporters of different export channels in relatively high transaction cost Korean small and medium‐sized enterprises (SMEs). Data from a Korean SME survey demonstrate the validity of several hypotheses and reveal that most sample SMEs rate the external support for international marketing rather low. The paper offers recommendations for reforming such support.

Suggested Citation

  • Linsu Kim & Jeffrey B. Nugent & Seung‐Jae Yhee, 1997. "Transaction Costs And Export Channels Of Small And Medium‐Sized Enterprises: The Case Of Korea," Contemporary Economic Policy, Western Economic Association International, vol. 15(1), pages 104-120, January.
    • Handle: RePEc:bla:coecpo:v:15:y:1997:i:1:p:104-120
    DOI: 10.1111/j.1465-7287.1997.tb00458.x
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    References listed on IDEAS

    as
    1. Bela Balassa, 1978. "Export incentives and export performance in developing countries: A comparative analysis," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 114(1), pages 24-61, March.
    2. Charles R. Frank Jr. & Kwang Suk Kim & Larry E. Westphal, 1975. "Foreign Trade Regimes and Economic Development: South Korea," NBER Books, National Bureau of Economic Research, Inc, number fran75-1.
    3. Tyler, William G., 1981. "Growth and export expansion in developing countries : Some empirical evidence," Journal of Development Economics, Elsevier, vol. 9(1), pages 121-130, August.
    4. Charles R. Frank Jr. & Kwang Suk Kim & Larry E. Westphal, 1975. "Appendices to "Foreign Trade Regimes and Economic Development: South Korea"," NBER Chapters, in: Foreign Trade Regimes and Economic Development: South Korea, pages 245-257, National Bureau of Economic Research, Inc.
    5. Lee, Chung H., 1992. "The government, financial system, and large private enterprises in the economic development of South Korea," World Development, Elsevier, vol. 20(2), pages 187-197, February.
    6. Michaely, Michael, 1977. "Exports and growth : An empirical investigation," Journal of Development Economics, Elsevier, vol. 4(1), pages 49-53, February.
    7. repec:bla:kyklos:v:46:y:1993:i:2:p:241-61 is not listed on IDEAS
    8. Abla M. Abdel‐Latif & Jeffrey B. Nugent, 1996. "Transaction Cost Impairments To International Trade: Lessons From Egypt," Contemporary Economic Policy, Western Economic Association International, vol. 14(2), pages 1-14, April.
    9. Juergen Donges & James Riedel, 1977. "The expansion of manufactured exports in developing countries: An empirical assessment of s upply and demand issues," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 113(1), pages 58-87, March.
    10. Mead, Donald C., 1984. "Of contracts and subcontracts: Small firms in vertically dis-integrated production/distribution systems in LDCs," World Development, Elsevier, vol. 12(11-12), pages 1095-1106.
    11. Dean, J.M. & Desai, S. & Riedel, J., 1994. "Trade Policy Reform in Developing Countries since 1985," World Bank - Discussion Papers 267, World Bank.
    12. Motoshige Itoh & Shujiro Urata, 1994. "Small and medium-size enterprise support policies in Japan," Policy Research Working Paper Series 1403, The World Bank.
    13. Levine, Ross & Renelt, David, 1992. "A Sensitivity Analysis of Cross-Country Growth Regressions," American Economic Review, American Economic Association, vol. 82(4), pages 942-963, September.
    14. Westphal, Larry E., 1978. "The republic of Korea's experience with export-led industrial development," World Development, Elsevier, vol. 6(3), pages 347-382, March.
    15. Linsu Kim*Nugent, Jeffrey B., 1994. "The Republic of Korea's small and medium size enterprises and their support systems," Policy Research Working Paper Series 1404, The World Bank.
    16. Berry, Albert & Escandon, Jose, 1994. "Colombia's small and medium-size exporters and their support systems," Policy Research Working Paper Series 1401, The World Bank.
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    Cited by:

    1. Roberto Basile & Anna Giunta & Jeffrey Nugent, 2003. "Foreign Expansion by Italian Manufacturing Firms in the Nineties: an Ordered Probit Analysis," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 23(1), pages 1-24, August.
    2. Petrit Gashi & Iraj Hashi & Geoff Pugh, 2014. "Export behaviour of SMEs in transition countries," Small Business Economics, Springer, vol. 42(2), pages 407-435, February.
    3. Goh, Soo Khoon & Wong, Koi Nyen, 2011. "Malaysia's outward FDI: The effects of market size and government policy," Journal of Policy Modeling, Elsevier, vol. 33(3), pages 497-510, May.

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