CV
February 2024
HYEJOON IM
Professor
Yeungnam University, School of Economics & Finance
Research Interests
International Trade, Applied Microeconomics; in particular, Foreign Direct Investment, Offshoring, and Labor Market Effects of Globalization
Education
Ph.D. in Economics, University of Virginia (UVa), January 2004
Dissertation: “Trading Blocs and Foreign Direct Investment: Theory and Empirics”
Advisors: John E. McLaren; Simon P. Anderson
M.A. in Economics, UVa, January 1999
B.A. in Economics, Kyung Hee University, Seoul, February 1996
Professional Experiences
Professor, Yeungnam University, March 2018–Present
Committee member, Local Subsidies Committee, Daegu City, Mar. 2021–Present
Visiting Professor, Hokkaido University, April 2022–May 2o22
Head, School of Economics & Finance, Yeungnam University, July 2016–June 2018
Associate Professor, Yeungnam University, March 2013–Feb. 2018
Visiting Scholar, UVa, 2014
Assistant Professor, Yeungnam University, March 2009–Feb. 2013
Korea-U.S. FTA Counselor to the Minister, Prime Minister’s Office of Republic of Korea, August 2006–April 2007
Associate Research Fellow, Korea Institute for International Economic Policy (KIEP), June 2004–Feb. 2009
Instructor, UVa, Fall 2002; Summer 2001
Teaching Experiences
International Trade, Globalization and the Korean Economy, Introductory and Intermediate Microeconomics
Publications
Articles at Refereed Journals
"Local Labor Market Effects of Offshoring-Induced Layoffs: Evidence from the U.S. Trade Adjustment Assistance Program", with Yang Shen and Myunghwan Yoo, Forthcoming, Journal of Regional Science
"Does Offshoring Raise Female Employment in a Developing Country?", with Hisamitsu Saito, Forthcoming, the World Economy
"Cross-border Trade Credit and Trade Flows during the Global Financial Crisis", 2022, with Moon Jung Choi and Sangyeon Hwang, International Review of Economics & Finance, Volume 82, November, pp.497-510
"Product Heterogeneity in International Terms of Payment", 2021, Economic Inquiry, Vol. 59, Issue 4, pp.1661-1686
"Not All Goods are Created Equal: Tariff Concessions in the Korea-China FTA", 2021, The Singapore Economic Review, Vol. 66, No. 5, pp.1205-1219
"Why did the Terms of Payment in International Trade Change so Much?, 2019, with Sangyeon Hwang", Applied Economics Letters, Vol. 26, Issue 7, pp.576-581
"International Trade Finance and Exports: Evidence from Korean Bank-Intermediated Trade Finance Instruments", 2017, with Sangyeon Hwang, Open Economies Review, Vol. 28, Issue 2, pp.319-346
"Has the Chile-Korea FTA Served as a Bridgehead FTA?", 2017, with Shi Young Lee and Eunjung Lim, Journal of the Asia Pacific Economy, Vol. 22, Issue 3, pp.477- 485
"Import Competition and Post-Displacement Wages in Korea: Whom You Trade with Matters", 2016, with Youngho Kang, The B.E. Journal of Economic Analysis & Policy, Vol. 16, Issue 4, pp. 1-6
"The Effects of Regional Trade Agreements on FDI by its Origin and Type: Evidence from U.S. Multinational Enterprises", 2016, Japan and the World Economy, Vol. 39, September, pp.1-11
"Financial Shocks and Trade Finance: Evidence from Korea", 2013, with Sangyeon Hwang, Economics Letters, Vol. 120, Issue 1, pp.104-107
"The Effects of Trading Blocs on U.S. Outward FDI Activity: The Role of Extended Market Size", Journal of East Asian Economic Integration, 2012, Vol.16, No.2, pp.205- 225
"Empirical Analyses on U.S. Congressional Voting on Recent FTA Bills", 2011, with Hankyoung Sung, The B.E. Journal of Economic Analysis & Policy, Vol. 11: Issue 1 (Topics), Article 74, pp.1-35
“Implications of Global Financial Crisis on Korea's Trade", 2009, with Sangyeon Hwang, Asian Economic Papers, Vol.3, No.3, pp.46-81
"Equilibrium Coalition Structures in the Presence of Foreign Direct Investment", 2009, Journal of International Trade & Economic Development, Vol.18, No.1, pp.139- 167
"Implications of Korean Foreign Direct Investment in China on Its Trade Balance", 2007, Journal of Korea Trade, Vol.11, No.1, pp.1-19
“Displaced Workers in High Import Competing Industries in Korea”, 2011, with Hongshik Lee and Sung Jae Park, Journal of Korean Economic Studies, Vol. 29, No. 6, pp.109-137 (in Korean)
“Agendas and Issues of the Draft Consolidated Negotiating Text of the DDA Negotiation on Trade Facilitation”, 2011, Journal of Korea Trade Research Association, Vol.36, No.1, pp.1-24 (in Korean)
“Competitiveness of Korean Steel Industry with respect to Japan and China”, 2007, Journal of Korea Trade Research Association, Vol.32, No.1, pp.263-282 (in Korean)
Working Papers
"Global Value Chains and Labor Standards: The Race-to-the-Bottom Problem", 2023, with John McLaren, NBER Working Paper No. 31362
"Foreign Direct Investment, Global Value Chains, and Labor Rights: No Race-to-the-Bottom?", 2023, with John McLaren, NBER Working Paper No. 31363
"Who Pays Shipping? Theory and Evidence on International Delivery Terms"
"Asymmetry and Non-linearity in Exchange Rate Pass-through: Evidence from Scanner Data", with In Kyung Kim and Jinhyuk Lee
"Global Value Chain Disruption during the COVID-19 Pandemic: Korean Firm-level Evidence"
"Does Foreign Direct Investment Raise Income Inequality in Developing Countries? A New Instrumental Variables Approach", with John McLaren
"The Effects of Trading Blocs on Foreign Direct Investment and Welfare"
Books (written in English only)
Economic Effects of Korea-China FTA and Its Policy Implications, 2005, with Hongshik Lee et al., KIEP Policy Analysis
Presentations
2023: KIEA conference
2022: Korea’s Allied Economics Conference (Virtual), Kyungpook National University
2021: Asia Pacific Trade Seminars (Virtual), Nazarbayev University (Virtual)
2020: Hokkaido Univ.
2019: KIEP, Korea’s Allied Economics Conference, Hanyang Univ., WEAI conference (at Tokyo)
2018: Asian Meeting of Econometrics Society, European Trade Study Group (at Warsaw), AKES Conference, KIEA conference, KTRA conference
2017: Yeungnam Univ., KEA-APEA Conference
2016: Empirical Investigations in Trade and Investment (at Hanoi)
2015: Korea’s Allied Economics Conference, Yeungnam Univ., Asia Pacific Trade Seminars (at Canberra), Kyungpook National Univ., Joint Seminar of Hokkaido & Yeungnam Univ., KIEA Annual Meeting
2014: UVa
2013: Korea’s Allied Economics Conference, Joint Seminar of Hokkaido & Yeungnam Univ. (at Sapporo), Yeungnam University, Asia Pacific Trade Seminars (at Nanjing), KIEP Trade Seminar, KIEA Annual Meeting
2012: Korea’s Allied Economics Conference, KIEP Trade Seminar, WEAI Conference (at San Francisco)
2011: Joint Seminar of Hokkaido & Yeungnam Univ.
2010: The World Economy & Korea Conference (Discussant)
2009: Asian Economic Papers Seminar (at Jakarta)
2008: KIEP Trade Seminar
2004: Far Eastern Meeting of the Econometric Society
2003: Auckland Univ., Otago Univ., Kyung Hee Univ.
2002: UVa
Referee Activities
Journal of International Money & Finance, International Review of Economics & Finance, Review of International Economics, Review of Development Economics, International Journal of Industrial Organization, Economics & Politics, Open Economies Review, Economics Letters, Applied Economics Letters, Asian Economic Journal, Korean Economic Review, International Economic Journal, Journal of Korea Trade, East Asian Economic Review
Research Grants
Tariff Passthrough, Prices, and Entrants in Bilateralism, Yeungnam Univ., 2023
Cross-border Trade Credit and Trade Flows during the Global Financial Crisis, Yeungnam Univ., 2019
How would You Like to Pay Toady? Product Differences in the Terms of Payment in International Trade, National Research Foundation of Korea, 2018
Why did the Terms of Payment in International Trade Change so Much?, Yeungnam Univ., 2017
Not All Goods are Created Equal: Tariff Concessions in the Korea-China FTA, Yeungnam Univ., 2016
The Effects of Regional Trade Agreements on FDI by its Origin and Type, National Research Foundation of Korea, 2014
Financial Shocks and Trade Finance: Evidence from Korea, Yeungnam Univ., 2011
Agendas and Issues of the Draft Consolidated Negotiating Text of the DDA Negotiation on Trade Facilitation, Yeungnam Univ., 2009
Languages
Korean (native), English (fluent)
Awards/Honors
Teaching Award, Yeungnam University, 2015; 2016
Research Award, College of Business & Economics, Yeungnam University, 2010
Minister’s Award, Prime Minister’s Office of Republic of Korea, May 2007
Bankard Predoctoral Public Policy Fellowship, UVa, June 2002 – May 2003
DuPont Fellowship, UVa, Fall 1998 – Spring 2000
