학술논문
Effects of Exchange Risk on Exports in Korea using Poisson Lag Structure Function
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- 영문명
- 발행기관
- 한국무역학회
- 저자명
- Sang Kuck Chung
- 간행물 정보
- 『Journal of Korea Trade (JKT)』Vol.10 No.2, 57~79쪽, 전체 23쪽
- 주제분류
- 경제경영 > 무역학
- 파일형태
- 발행일자
- 2006.08.30
5,560원
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국문 초록
영문 초록
This paper presents an empirical study on the effect of exchange rate risk on exports by addressing some of the potential deficiencies in prior empirical work. From the econometric model, we consider two possible methodological contributions to the trade literature. First, we employ an alternative measure for exchange rate risk by using daily exchange rates to construct more accurate monthly volatilities and then using AR(1) and AR(2) forecasts of these monthly volatilities to compute multimonthahead risk. Second, we enhance the dynamic specification of the model by introducing a convenient Poisson lag structure for the distributed lag model. The empirical results demonstrate that, as expected, foreign income affects Korea exports positively and rather quickly, and that exports react more slowly to changes in the real exchange rate. The expected real exchange rate level has the normal positive effect, but real exchange rate risk has a positively significant effect.
목차
Abstract
Ⅰ. Introduction
Ⅱ. Economic Theory
Ⅲ. Econometric Model
Ⅳ. Empirical Results and Policy Implications
Ⅴ. Concluding Remarks
References
해당간행물 수록 논문
- Effects of Exchange Risk on Exports in Korea using Poisson Lag Structure Function
- Governmental Policy Recommendation for the Implementation and Expansion of Paperless Trade in Korea
- The Dynamic Patterns of Foreign Influences on the Korean Economy
- The Bill of Lading Functioning as the Contract of Carriage in English Law
- An Analysis of Cross-Border Supply Disputes : Focused on On-line Telecommunication Services
- Consumer Complaint Propensity and Geo-Culture s Impact on it : An Empirical Examination in China
- The Impacts of Korean Domestic and Foreign Analysts Reports on the Korean Stock Market
- A Comparative Analysis on the Identification of the Bill of Lading Carrier
- Trust Transfer Process as a Channel Expansion Strategy
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