Campus Units

Apparel, Events and Hospitality Management

Document Type

Article

Publication Version

Published Version

Publication Date

6-2016

Journal or Book Title

Fashion, Industry and Education

Volume

14

Issue

2

First Page

1

Last Page

9

DOI

10.7741/fie.2016.14.1.001

Abstract

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 for the whole industry. Furthermore, SK had a larger number of products with a comparative advantage. The research findings indicate that the MMT industry in SK is likely to outperform the US following the complete ratification of the KORUS FTA.

Comments

This article is published as Shin, E., Keenan, C., & Karpova, E. Comparative advantage of the U.S. and South Korean manmade fiber-based textile industries. Fashion, Industry and Education, 14(1), 1-9. DOI: 10.7741/fie.2016.14.1.001

Creative Commons License

Creative Commons Attribution 4.0 International License
This work is licensed under a Creative Commons Attribution 4.0 International License.

Copyright Owner

The Costume Culture Association

Language

en

File Format

application/pdf

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