Exchange Rates Movements and Trade Flows : Case Study of Korea

• 영문명: Exchange Rates Movements and Trade Flows : Case Study of Korea
• 발행기관: 한양대학교 디지털경제연구소
• 저자명: 오동현(Dong Hyun Oh)
• 간행물 정보: 『디지털경제연구』서해경제연구 제1권, 89~122쪽, 전체 34쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 1996.12.01

영문 초록

Traditionally devaluation was considered as improving trade balance by expanding the real quantity of exports and reducing the real quantity of imports when the Marshall-Lerner condition is satisfied. The purpose of this paper are to identify the extent to which own exchange rate movements explain improvement in competitiveness, changing trade balances and to investigate whether exchange rates movements of competing countries(Taiwan and Japan in this study) can affect the terms of trade and trade flows of Korea. A conventional elasticities approach was used. In this study, the empirical results show that (1) the effect of a devaluation on trade balance is very weak in Korea ; (2) Japan's exchange rate affects on total exports of Korea ; and (3) Taiwan's exchange rate affects export prices of Korea.

목차

ABSTRACT

1. Introduction

2. Theoretical Specification of the Aggregate Import and Export Functions

3. Estimation and Results

4. Summary and conclusions

APPENDIX

BIBLIOGRAPHY