한국의 對동남아 수출과 수출결정요인의 장기적 균형관계 분석
The Determinants of Korean Export to Southeast Asian Countries
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초록
This paper shows that overall Korean exports to southeast Asian countries have long-run equilibrium relationship with its determinants such as trading partners’ real GDP, real exchange rates, Korean FDI to those countries, and Korean production capacity. The results are consistent to the international trade theories. According to the results, Korean exports tothose countries increases in the long-run as their real GDP, real exchangerates, Korean FDI to those countries, and Korean production capacity increases. The empirical results also show that estimated coefficients of the exportdeterminants are not common for all interesting trading partners. To say,elasticities such as income elasticities and exchange rates elasticities ofKorean exports to those countries are different for each trading partner. Itseems that heterogeneous coefficients of export determinants reflect thedifferences in industrial structure and final demand structure of tradingpartners.
Abstract
This paper shows that overall Korean exports to southeast Asian countries have long-run equilibrium relationship with its determinants such as trading partners’ real GDP, real exchange rates, Korean FDI to those countries, and Korean production capacity. The results are consistent to the international trade theories. According to the results, Korean exports tothose countries increases in the long-run as their real GDP, real exchangerates, Korean FDI to those countries, and Korean production capacity increases. The empirical results also show that estimated coefficients of the exportdeterminants are not common for all interesting trading partners. To say,elasticities such as income elasticities and exchange rates elasticities ofKorean exports to those countries are different for each trading partner. Itseems that heterogeneous coefficients of export determinants reflect thedifferences in industrial structure and final demand structure of tradingpartners.
참고문헌 (17)
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