The purpose of this study is to examine an influence of EU economic variables on Korea’s international trade and to suggest policy implications. In order to test whether time series data are stationary and the model is right or not, we carry out unit root test, cointegration test. And we apply impulse response and variance decomposition based on VECM. The empirical results indicate that Korea’s exports to the EU is largely influenced and explained not by EU treasury expenditure and treasury revenue but by EU industrial production and exchange rate. And Korea’s trade balance of payments with the EU is mainly influenced and explained not by EU treasury expenditure but by relatively GDP gap. The results suggest that government must have focus on variables of industrial production and exchange rate in order to increase export volumes to EU.
목차
Abstract Ⅰ. 서론 Ⅱ. 자료 및 분석방법 Ⅲ. 실증 분석 Ⅳ. 요약 및 결론 참고문헌