Does Exchange Rate Volatility Affect Korea's Seaborne Import Volume?

This study used monthly data from 2000 to 2015 to analyze the effects of USD/KRW exchange rate volatility on seaborne import volume in Korea. The results of an autoregressive distributed lag (ARDL) analysis indicate that USD/KRW exchange rate volatility has a statistically significant negative influ...

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Bibliographic Details
Published inAsian Journal of Shipping and Logistics Vol. 33; no. 1; pp. 43 - 50
Main Author Kim, Chang Beom
Format Journal Article
LanguageEnglish
Published Elsevier B.V 01.03.2017
Elsevier
한국해운물류학회
Subjects
ARDL
Seaborne Import Volume
VECM
Volatility of USD/KRW Exchange Rate
무역학
VECM
Seaborne Import Volume
ARDL
Volatility of USD/KRW Exchange Rate
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Summary:This study used monthly data from 2000 to 2015 to analyze the effects of USD/KRW exchange rate volatility on seaborne import volume in Korea. The results of an autoregressive distributed lag (ARDL) analysis indicate that USD/KRW exchange rate volatility has a statistically significant negative influence on Korea's seaborne import volume. Moreover, the results of a vector error correction model (VECM) analysis found that the USD/KRW exchange rate volatility exhibited short-term unidirectional causality on import volume and real income, and confirmed bidirectional causality between the real effective exchange rate and exchange rate volatility.
Bibliography:G704-SER000001565.2017.33.1.003
ISSN:2092-5212
DOI:10.1016/j.ajsl.2017.03.006