한국의 환율과 경제성장과의 인과관계

• 영문명: A Study On Causal Relationship between Exchange Rate and Economic Growth in Korea
• 발행기관: 한국통상정보학회
• 저자명: 최봉호(Bong-Ho Choi)
• 간행물 정보: 『통상정보연구』제10권 제1호, 329~347쪽, 전체 19쪽
• 주제분류: 사회과학 > 무역학
• 파일형태: PDF
• 발행일자: 2008.03.30

영문 초록

The purpose of this study is to examine the causal relationship between the exchange rate and economic growth, and to induce policy implications. In order to test whether time series data is stationary and the model is fitness or not, we put in operation unit root test, cointegration test. And we apply Granger causality based on an error correction model. The results indicate that uni-dierctional causality between exchange rate and economic growth is detected. Exchange rate impacts on economic growth, but economic growth don’t impact on exchange rate. The analysis of impulse reaction function shows that the impulse of exchange rate impacts on Korean economic growth in negative direction. We can infer policy suggestion as follows: The fluctuation of exchange rate much affects economic growth, thus we must make a stable policy of exchange rate to continue economic growth.

목차

Ⅰ. 서론

Ⅱ. 환율ㆍ경제성장ㆍ수출ㆍ투자 간의 이론적 관계

Ⅲ. 실증 분석

Ⅳ. 요약 및 결론

참고문헌

Abstract

키워드

exchange rate economic growth vector error correction model Granger casuality test impulse reaction function