지원사업
학술연구/단체지원/교육 등 연구자 활동을 지속하도록 DBpia가 지원하고 있어요.
커뮤니티
연구자들이 자신의 연구와 전문성을 널리 알리고, 새로운 협력의 기회를 만들 수 있는 네트워킹 공간이에요.
이용수
초록· 키워드
오류제보하기
The existing literature pertaining to the role of exchange rate on trade balance exhibits the mixed empirical results. A significant argument for the inconclusive findings is the aggregation bias from clustering of trading products and trading partners in the analysis. This study examines the effect of exchange rate on bilateral trade balance between Korea and Germany which is the largest trade partner of Korea among the 28 EU countries. The analysis is conducted at 3-digit level of 97 SITC industries, using annual data between 1971 and 2016 with ARDL model employed in the study. Our findings indicate that a real depreciation of Korean Won (KRW) against Euro (EUR) causes an instant improvement on Korea’s trade balance with Germany in general rather than creating a J-Curve effect in the short run although a J-Curve phenomenon is detected in a few industries. In the long run, a real depreciation of KRW will bring about a positive effect on trade balance in the long run at least in 23 industries which account for 18.57 per cent of Korea’s total trade share with Germany. In addition, the empirical results from the total trade balance support the argument on aggregation bias.
The empirical results of our study are crucial for policy implication of Korea. Our findings indicate that exchange rate policy is still a significant tool to manage the trade balance between Korea and German. However it has to be pointed out that the policy needs to be implemented cautiously since a real depreciation will come together with a J-Curve effect in 12 industries which deteriorates the trade balance in the short run.
목차
등록된 정보가 없습니다.
참고문헌 (26)
참고문헌 신청
[학술지(정기간행
Ardalani, Z. / 2007 / Is there a J-Curve at the Industry Level? / Economics Bulletin 6 (26) : 1 ~ 12
Arize, A. C. / 2017 / A Convenient Method for the Estimation of ARDL Parameters and Test Statistics: USA Trade Balance and Real Effective Exchange Rate Relation / Internation
Arize, A. C. / 2017 / Do Exchange Rate Changes Improve the Trade Balance: An Asymmetric Nonlinear Cointegration Approach / International Review of Economics and Finance 49 :
Bahmani-Oskooee, M. / 1986 / Determinants of International Trade Flows: The Case of Developing Countries / Journal of Development Economics 20 (1) : 107 ~ 123
Ardalani, Z. / 2007 / Is there a J-Curve at the Industry Level? / Economics Bulletin 6 (26) : 1 ~ 12
Arize, A. C. / 2017 / A Convenient Method for the Estimation of ARDL Parameters and Test Statistics: USA Trade Balance and Real Effective Exchange Rate Relation / Internation
Arize, A. C. / 2017 / Do Exchange Rate Changes Improve the Trade Balance: An Asymmetric Nonlinear Cointegration Approach / International Review of Economics and Finance 49 :
Bahmani-Oskooee, M. / 1986 / Determinants of International Trade Flows: The Case of Developing Countries / Journal of Development Economics 20 (1) : 107 ~ 123
함께 읽어보면 좋을 논문
논문 유사도에 따라 DBpia 가 추천하는 논문입니다. 함께 보면 좋을 연관 논문을 확인해보세요!
-
대미 대일 산업별 무역수지의 J-곡선 효과 분석
무역연구
2021 .12
-
한국의 대 EU 무역수지에 대한 환율 효과 분석
EU학연구
2018 .01
-
THE U.S. TRADE BALANCE WITH PARTNERS FROM DEVELOPING WORLD: AN ASYMMETRY ANALYSIS OF THE J-CURVE EFFECT
Journal of Economic Development
2018 .01
-
Korea’s Experience in Economic Development and Trade Balance
한국무역학회 국제학술대회
2017 .07
-
Impacts of Exchange Rates on Korea’s Trade Balance by Industry and Region
사회과학연구
2015 .09
-
환율이 경상수지에 미치는 효과
무역연구
2020 .01
-
Do Changes in the Exchange Rate Have an Asymmetric Effect on the Trade Balance between Vietnam and Japan?
International Economic Journal
2022 .03
-
Role of Exchange Rate on the UK-Germany Trade Balance: An Analysis at Industry Level
EU연구
2018 .01
-
Korean Trade in 10 Service Industries and Role of the Won? An Asymmetric Analysis
International Economic Journal
2023 .03
-
Role of Exchange Rate on Trade Balance and J-curve Effect between Thailand and Malaysia: An Industry Level Analysis
동남아연구
2018 .01
-
실질환율이 러시아 무역수지에 미치는 영향 분석 : 장단기 효과를 중심으로
경영경제연구
2023 .08
-
The international trade balance in theory and practice
[KIIP] 한국지식재산연구원 도서DB
2015 .12
-
The Impact of Exchange Rate Volatility on Korea-Japan Trade Flows: An Industry Level Analysis
무역연구
2017 .01
-
우리나라 주요 산업부문 기술무역의 R&D투자 및 FDI효과 분석
유통경영학회지
2019 .12
-
경남․부산지역과 우리나라 무역수지 간의 상호 영향력에 관한 실증적 연구
로고스경영연구
2017 .06
-
A Study on the Factors Affecting Trade Costs between South Korea and its Trading Partners
무역연구
2020 .01
-
Korean Current Account Surplus and the Transmission of the Won-Dollar Exchange Rate
[KIEP] World Economy Brief
2015 .05
-
실질환율과 환율변동성이 우리나라 산업별 무역수지에 미치는 영향 : SITC 분류 중심으로
사회과학연구
2022 .06
-
ICT 산업의 수출입 물동량과 수출입액, 무역수지의 동조화현상
융합정보논문지
2020 .01
-
근거이론분석을 통한 일과 삶의 균형에 관한 연구: 관광산업 종사원을 대상으로
관광경영연구
2021 .01
이 논문의 저자 정보
최근 본 자료
댓글(0)
0