본문 바로가기
KERD
논문KCI 등재

A Reexamination of South Korea's Aggregate Import Demand Function: The Bounds Test Analysis

Chiung-Ju Huang|Tsangyao Chang|Yuan-Hong Ho
경제연구소 (Hanyang Economic Research Institute)|2005.06|Journal of Economic Development|제30권 제1호|pp. 119-128

6

조회

0

다운로드

7

인용

0

참고문헌

주제분류경제학

초록

Abstract

This paper uses a robust estimation method referred to as the unrestricted error correction model - the bounds test analysis to re-analyze the long-term relationships between the demand for imports and it’s determinants for South Korea over the period 1980-2000. Our results show that the volume of imports, income, and relative prices are all cointegrated. The estimated long-run (short-run) elasticities of import demand with respect to income and relative price are 1.86 (0.86) and -0.2 (-0.05), respectively. The major implication of our study is that neither monetary nor fiscal policies may be used as instruments to maintain the trade balance in South Korea’s favor during this sample period.

참고문헌 (32)

  1. "Aggregate Imports and Expenditure Component in the UK: An Empirical Analysis,", 28, pp.1119~1125 (1996)
  2. "A Reexamination of Japans Aggregate Import Demand Function An Application of the Engle and Granger Two-Step Procedure", pp.41~55 (1992)
  3. "Foreign Trade Behavior in Thailand Stable or Unstable", pp.36~45
  4. "Structural Change in Import Demand Behavior, the Korean Experience: A Reexamination,", 19, pp.187~193
  5. "Cointegration Approach to Estimate the Long-Run Trade Elasticities in LDCs", 12(3), pp.89~96 (1998)
  6. "Estimation of Long-Run Coefficients in Error Correction Models Oxford Bulletin of Economics and Statistics", pp.345~50 (1989)
  7. "An Analysis of Transformations Journal of the Royal Statistical Society", pp.211~243 (1964)
  8. "Modeling the U.S. Demand for Imports Through Cointegration and Error Correction", 18, pp.1~48 (1996)
  9. "An Examination of the Traditional Aggregate Import Demand Function for Saudi Arabia", applied eco(mics), pp.909~915 (1994)
  10. "An Aggregate Import Demand Function for Bangladesh: A Cointegration Approach", 31, pp.465~472 (1999)
  11. "Some Comparisons of Tests for A Shift in the Slope of A Multivariate Linear Time Series Model Journal of Econometrics", pp.297~318 (1975)
  12. "The Determinants of Import Demand in Trinidad and Tobago", applied eco(mics), pp.303~13
  13. "Some Estimates of the Price and Income Elasticities of Import Demand for Three Caribbean Countries", applied eco(mics), pp.1045~1048 (1994)
  14. "Spurious Regressions in Econometrics Journal of Econometrics", pp.111~20 (1974)
  15. "Using Cointegration Analysis in Econometric Modelling" (1995), Prentice Hall[DOI]
  16. "Structural Stability and the Estimation of International Import Price Elasticities in World Trade", pp.695~711 (1968)
  17. "Statistical Analysis of Cointegrating Vectors Journal of Economic Dynamics and Control", pp.231~54 (1988)
  18. "Maximum Likelihod Estimation and Inference on Cointegration with Application to the Demand for Money Oxford Bulletin of Economics and Statistics", pp.169~210 (1990)
  19. "The Power of Cointegration Tests Journal of Econometrics", pp.389~402
  20. "Structural Change in Import Demand Behavior Journal of Policy Modeling", pp.223~227 (1993)
  21. "Journal of Policy Modeling", pp.291~98 (1994)
  22. "Cyclical Factors in Import Demand Behavior: The Korean Experience", 19, pp.323~331 (1997)
  23. "An Empirical Examination of the Disaggregated Import Demand of Korea - the Case of Information Technology Products", 1, pp.237~244 (2000)
  24. "Demand for Greek Imports Using Multivariate Cointegration Techniques", 30, pp.1483~1492 (1998)
  25. "Aggregate Imports and Expenditure Components in Malaysia: A Cointegration and Error Correction Analysis", 17(1), pp.257~269 (2000)
  26. "Bounds Testing Approaches to the Analysis of Level Relationship", 16, pp.289~326 (2001)
  27. "Determinants of Nepalese Imports", 11, pp.347~354 (2000)
  28. "Estimation of the Structure and Elasticities of Mexican Imports in the Period 1961-1979 Journal of Development Economics", pp.297~311 (1982)
  29. "“Determinants of Import Demand in Thailand", 12, pp.73~83 (1997)
  30. "A Note on Trade Elasticities in Asian Countries", XV(2), pp.221~237 (2001)
  31. "An Aggregate Import Demand Function for Malaysia: A Cointegration and Error Correction Analysis,", 1, pp.43~57 (2000)
  32. "“A Cointegration Analysis of the Malaysian Import Demand Function: Reassessment From the Bounds Test", 9, pp.293~296 (2002)

관련 논문AI추천

Revisiting Aggregate Import Demand Function for Korea권예경, 김용민한국디지털무역연구소 · 디지털무역리뷰2021 · 제19권 제4호The Import Demand Equation with the Extensive Margin and an Empirical Analysis강기천한국경제통상학회 · 경제연구2014 · 제32권 제2호Economic and Political Changes andImport Demand Behavior of North KoreaKang-TaegLim경제연구소 · Journal of Economic Development2002 · 제27권 제1호Potential Effect of Korea's FTA with its Trading Partners: Estimation by Augmented Gravity Models with Panel Data이두원한국경제학회 · The Korean Economic Review2005 · 제21권 제2호한국에서의 수출과 성장간의 인과성 검정최해범한국경제통상학회 · 경제연구2001 · 제10권 제1호IMPORT DEMAND FUNCTIONS: EVIDENCE FROM CIBSSMILE DUBE, YAN ZHOU경제연구소 · Journal of Economic Development2011 · 제36권 제4호

이 간행물의 다른 논문 (10건)

Minimum Wage and Income Distribution in the Harris-Todaro ModelVassilis T. Rapanospp. 1-14A General Equilibrium Skill Acquisitions Model of Development for LesothoDavid Franck, Mamit Deme, Nadeem Naqvipp. 15-30The Incidence and Wage Effects of Overeducation: The Case of TaiwanChun-Hung A. Lin, Chun-Hsuan Wangpp. 31-48Inflationary Threshold Effects in the Relationship between Financial Development and Economic Growth:Evidence from Taiwan and JapanSwee Yoong Wong, Chien-Chiang Leepp. 49-70Foreign Aid and Economic Growth: New Evidence from Panel CointegrationManuchehr Irandoust, Abdulnasser Hatemi-Jpp. 71-80
원문 보기