지원사업
학술연구/단체지원/교육 등 연구자 활동을 지속하도록 DBpia가 지원하고 있어요.
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연구자들이 자신의 연구와 전문성을 널리 알리고, 새로운 협력의 기회를 만들 수 있는 네트워킹 공간이에요.
초록· 키워드
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There are a lot of empirical studies on the pass-through following the exchange rate change. But few studiesare distinguishing currency appreciation and depreciation in the estimation of pass-through rate. The extent ofexporter’s response to exchange rate changes may be asymmetric depending on appreciation or depreciation ofa currency. So in this paper, we analyzed the extent of pass-through in the export price due to currencyappreciation in 4 countries, i.e. Korea, Japan, Germany and France. In case of Korea, the pass-through rate tothe export price following the appreciation of Won increased from 0.239 in the period of 2002, 1Q~2007, 4Qto 0.540 in the period of 2009, 2Q~2012, 4Q. This means that Korean export companies place emphasis on theprofit margin than market share maintaining. This strategy were possible by strengthening of non-pricecompetitiveness of Korean export goods. The pass-through rate of Japan decreased from 0.223 in the period of2002, 1Q~2005, 1Q to 0.209 in the period of 2007, 2Q~2012, 3Q. This reflects the fact that Japanese exportcompanies absorbed a large part of Yen appreciation through cutting of the profit margins in order to maintainthair market share. The degrees of exchange rate pass-through of Germany and France were estimated to be farhigher than Korea or Japan. This reflects relatively high non-price competitiveness of German and Frenchexport goods.
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참고문헌 (21)
참고문헌 신청
/ / 한국무역협회 무역통계
/ / 한국은행 경제통계시스템(ECOS)
ARINDRA ART ASYA ZAINAL / 2004 / EXCHANGE RATE PASS-THROUGH, EXCHANGE RATE VOLATILITY, AND THEIR IMPACTS ON EXPORT : EVIDENCE FROM INDONESIAN DATA / KANSAS STATE UNIVERSITY M ANHATTAN
Balawin, R. / 1988 / Hysterisis in Import Prices: The Beachhead Effect / American Economic Review 78 : 773 ~ 785
Branson, W. H. / 1988 / The Real Exchange Rate, Employment and Output in Manufacturing in the U. S. and Japan
/ / 한국은행 경제통계시스템(ECOS)
ARINDRA ART ASYA ZAINAL / 2004 / EXCHANGE RATE PASS-THROUGH, EXCHANGE RATE VOLATILITY, AND THEIR IMPACTS ON EXPORT : EVIDENCE FROM INDONESIAN DATA / KANSAS STATE UNIVERSITY M ANHATTAN
Balawin, R. / 1988 / Hysterisis in Import Prices: The Beachhead Effect / American Economic Review 78 : 773 ~ 785
Branson, W. H. / 1988 / The Real Exchange Rate, Employment and Output in Manufacturing in the U. S. and Japan
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