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Estimates of Korea’s bilateral export functions

SaangJoon Baak
지암남덕우경제연구원 (Nam Duck-Woo Economic Research Institute)|2015.02|시장경제연구 (Journal of Market Economy)|제44권 제1호|pp. 1-32

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참고문헌

키워드

CointegrationStructural breakKorean exportAsian production network
주제분류경제학

초록

This paper estimates bilateral export functions of Korea to its four major tradingpartners(China, the Euro Zone, Japan, and the US) with the data from 2000Q1 to2014Q1 and examines the impacts of changes in the global economic environmenton Korean exports based on the estimation results. Both income elasticity and priceelasticity are estimated to have the expected signs. External demand for the productsof Korea’s Asian trading partners also plays an important role in determiningKorean exports to those countries. Although the recovery of the global economy isexpected to contribute to an increase in Korean exports, appreciation of the Koreanwon will reduce its impact.

Abstract

This paper estimates bilateral export functions of Korea to its four major tradingpartners(China, the Euro Zone, Japan, and the US) with the data from 2000Q1 to2014Q1 and examines the impacts of changes in the global economic environmenton Korean exports based on the estimation results. Both income elasticity and priceelasticity are estimated to have the expected signs. External demand for the productsof Korea’s Asian trading partners also plays an important role in determiningKorean exports to those countries. Although the recovery of the global economy isexpected to contribute to an increase in Korean exports, appreciation of the Koreanwon will reduce its impact.

참고문헌 (46)

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관련 논문AI추천

THE SUSTAINABILITY OF KOREA’S TRADE BALANCES WITH CHINA AND JAPAN: PERSPECTIVE FROM THE ASYMMETRY IN INCOME ELASTICITIES강기천한국경제학회 · The Korean Economic Review2008 · 제24권 제1호The Role of Exchange Rates in Korea’s Commodity Trade with China조갑제대외경제정책연구원 · East Asian Economic Review2010 · 제14권 제2호한국의 對동남아 수출과 수출결정요인의 장기적 균형관계 분석김완중한국동남아학회 · 동남아시아연구2014 · 제24권 제4호Changes in China’s Influence on Korean Exports by Production Phase김완중대외경제정책연구원 · East Asian Economic Review2011 · 제15권 제3호한국의 대중국 상품수출의 장기탄력성에 관한 연구최문성한국무역보험학회 · 무역금융보험연구2014 · 제15권 제4호The Effect of Exchange Rate on Korea-Germany Trade Balance: An Industry Level Analysis황호선, UTAI UPRASEN한국세계지역학회 · 세계지역연구논총2017 · 제35권 제3호

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