This research analyzes the effect of foreign exchange risk insurance on export expansion among Small &MediumSized Enterprises(SMEs) in South Korea. Multiple Linear Ordinary Least Squares(OLS) and Vector Error CorrectionModel(VECM) is selected asmethods for analysis. And as related variables, SMEs’ export volume, exchange rate risk insurance purchase for SMEs, exchange rate volatility, export price index, index of industrial product is selected. The OLS results showthat, an increase in foreign exchange risk insurance purchase amount, an increase in industrial production, and an increase in export price contribute to increase in export of SMEs.Meanwhile in the VECM results, according to the impulse response function and variance decomposition of forecast error, foreign exchange risk insurance purchase amount have a positive impact on export of SMEs. However, an increase in exchange rate volatility have a negative impact on export of SMEs while an increase in export price and an increase in industrial production have a positive impact. The results implies that the foreign exchange risk insurance mitigates the exchange rate risk for SMEs and contributes to their export growth.
한국무역금융보험학회(구 한국무역보험학회) [The Korean Academy for Trade Credit Insurance]
설립연도
2000
분야
사회과학>무역학
소개
본 학회는 무역보험에 관한 이론, 정책 및 실무에 관련된 학술을 조사 연구하여 무역보험관련 학계 및 업계의 발전에 이바지하며 회원 상호간의 친목과 산학협동을 도모함을 목적으로 설립되었습니다. 또한 본 학회는 무역보험, 무역학 및 법학을 전공하는 전국 각 대학의 교수와 무역 유관단체 및 무역업체를 회원으로 하고, 국내 유수 경제연구소 및 무역단체와 협력하며, 정기학술대회, 정책세미나 및 국제학술대회 등을 개최하고 있습니다.
간행물
간행물명
무역금융보험연구(구 무역보험연구) [Journal of International Trade and Insurance]