اثرات نرخ ارز بر تجارت دو جانبه کره و ایالات متحده. : نگاه جدید
|کد مقاله||سال انتشار||مقاله انگلیسی||ترجمه فارسی||تعداد کلمات|
|45478||2014||8 صفحه PDF||سفارش دهید||محاسبه نشده|
Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)
Journal : Research in Economics, Volume 68, Issue 3, September 2014, Pages 214–221
This study examines the effect of exchange rate fluctuations on Korea׳s trade with the U.S. by taking the roles of exchange rate volatility and third country effects into account. An autoregressive distributed lag (ARDL) approach to cointegration is applied to estimate bilateral exports and imports of disaggregating 10 industries between Korea and the U.S. We find that Korea׳s major export industries are highly responsive to the bilateral exchange rate, volatility and third country effects in both the long- and short-run, whereas Korea׳s imports are mostly insensitive to changes in those three factors. It is also found that income in both countries plays an important role in influencing the bilateral trade flows in both the long- and short-run.