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논문검색

한국 무역수지의 비대칭적 J-곡선 효과에 대한 실증적 분석

원문정보

An Empirical Study on the Asymmetric J-Curve Effect of Korean Trade Balance

조성일, 차혜경

피인용수 : 0(자료제공 : 네이버학술정보)

초록

영어

This study investigates the asymmetric effect of real exchange rate on trade balance in Korea. The nonlinear ARDL model of Shin et al. (2014) is employed as econometric methodology. While the linear ARDL model fails to find cointegration relationship between variables, nonlinear ARDL model captures cointegration relationship which is robust to lags and restrictions. We found there exist J-curve effect and the three types of asymmetries in relationship of trade balance and real exchange rate. First, long-run reaction asymmetry: depreciation improves trade balance, but appreciation does not work. Second, short-run impact asymmetry: contemporaneous change of exchange rate affects trade balance differently. Third, adjustment asymmetry: adjustment process on long-run equilibrium with face to appreciation and depreciation is not equal.

목차

Abstract
Ⅰ. 서론
Ⅱ. 선행연구에 대한 검토
Ⅲ. 실증분석 모형과 자료
Ⅳ. 실증분석 결과
Ⅴ. 요약과 결론
참고문헌

저자정보

  • 조성일 Sung-Il Cho. 상지대학교 무역학과, 부교수, 제1연구자
  • 차혜경 Hye-Kyung Cha. 강남대학교 경제세무학과, 부교수

참고문헌

자료제공 : 네이버학술정보

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