Earticle

초록

영어

This study examines the nonlinear asymmetric relationship between the real exchange rates and crude oil prices in Korea and Taiwan with threshold cointegration model. We found the evidences in both countries that the asymmetric cointegration relationship exists between crude oil prices and real exchange rates, and that the speeds of asymmetric adjustments can vary depending on the directions of adjustments in the tests of asymmetric error-correction model. The test of an asymmetric error-correction model finds rises of crude oil prices indicating short-term adjustments to eliminate negative deviations between the variables. The real exchange rates are weakly exogeneous to the crude oil prices in this model, and we also find evidences of unidirectional Granger-causality relationships from real exchange rates to crude oil prices also in both countries.

목차

Abstract
Ⅰ. 서론
Ⅱ. 선행연구
Ⅲ. 실증분석 방법론
Ⅳ. 실증분석을 위한 자료와 분석 결과
Ⅴ. 결론
참고문헌

키워드

저자

• 이기환 [ Giwhan Lee | 부산외국어대학교 국제무역ž마케팅학부 강사, 제1연구자 ]
• 최봉호 [ Bongho Choi | 동의대학교 무역학과 부교수 ] 교신저자

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