Earticle

초록

영어

As the international transaction and the openness in world market are expanded, trade among the nations gets more brisk. In addition, the volatility in exchange rate is changing unpredictably as liberalization is speeding up. In this paper, we adopt an asymmetric approach to investigate the response of the import price to exchange rate changes in Korea during the 2000-2010 period. To do so, we estimate a mark-up model for prices with an asymmetric cointegrating ARDL model, using positive and negative partial sum decompositions of the nominal exchange rates. Our results show that some commodity prices react differently to appreciations and depreciations in the long-run, an effect that was previously ignored in the literature, with an important heterogeneity across countries. In fabricated metal products & electrical machinery apparatus we find long-run asymmetric pass-through after an appreciation and a devaluation, a fact that may be due to mark-up strategy. But we find the opposite in two commodities.

목차

Abstract
 Ⅰ. 서론
 Ⅱ. 비대칭 환율전가
  1. 비대칭 환율전가 이론적 고찰
  2. 선행연구
 Ⅲ. 실증분석 모형 및 방법론
  1. 모형설정
  2. 분석자료
 Ⅳ. 실증분석 결과
 Ⅴ. 결론
 참고문헌

키워드

저자

• 오지영 [ Ji-Young Oh | 동아대학교 외래강사 ] 제1연구자

참고문헌

발행기관

간행물

표지보기 관심저널 등록

• 간행물명

  무역통상학회지 [Journal of Korea Research Association of International Commerce]

• 간기

  격월간

• pISSN

  1738-4354

• 수록기간

  2001~2025

• 등재여부

  KCI 등재

• 십진분류

  KDC 326 DDC 380