생산성과 생산요소비용에 의한 환율결정구조에 관한 연구

• 영문명: A Study on Determination Structure of the Foreign Exchange Rate Influenced by Productivity and Production Factor Costs
• 발행기관: 한국무역연구원
• 저자명: 이현재(Hyun-Jae Rhee)
• 간행물 정보: 『무역연구』제7권 제3호, 41~59쪽, 전체 19쪽
• 주제분류: 경제경영 > 무역학
• 파일형태: PDF
• 발행일자: 2011.09.30

영문 초록

The research paper is basically designed to investigate determination structure of the foreign exchange rate based on productivity and production factor costs which represent a real sector of the national economy. Empirical evidence revealed that market exchange rates are strongly influenced by a factor from production side such as productivity and production factor costs in comparison with relative prices(purchasing power). Labor cost is a dominated component among the factors in the production side, and the productivity has relatively less effects on exchange rates. As far as capital cost concerns, it also bas to be mentioned that a long run interest rate is more influential to the determination of exchange rates than a short run interest rate. Moreover, it is essentially recognized that the production factor costs should be more highly positioned rather than the productivity in managing foreign exchange market.

목차

Abstract

Ⅰ. 서론

Ⅱ. 이론적 고찰

Ⅲ. 실증분석

Ⅳ. 요약 및 결론

참고문헌

키워드

Productivity Production Factor Costs Factor Price Equalization Theorem TSLS