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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.
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Purpose Trade costs may play an important role in limiting trade across countries. There are various factors, including exchange rate volatility, distance, and trade barriers that affect trade costs across countries. This research imputes trade costs from price differentials between South Korea and its trading partners and explore what factors do affect trade costs. Design/Methodology/Approach This research employs the Threshold Autoregressive (TAR) Model and Ordinary Least Squares (OLS) Regression Model with monthly data during the sample period from January 1998 to November 2019. Findings The results show that exchange rate volatility increases trade costs, while FTA reduces trade costs between South Korea and its trading partners. No statistically significant evidence was found to support the effects of distance, trade barriers (tariffs and non-tariffs), and English as a common language on trade costs. Research Implications The findings suggest that Korean policymakers may need to consider how to keep stable exchange rates with trading partners to reduce trade costs, and that an FTA works well to reduce trade costs between South Korea and its trading partners.
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참고문헌 (30)
참고문헌 신청
James E Anderson / 2004 / Trade Costs / Journal of Economic Literature 42(3):691~751
Blavy, R. / 2009 / Mexico’s Integration into NAFTA Markets: A View from Sectoral Real Exchange Rates
Deardorff, A. V. / 1998 / Measurement of Non-Tariff Barriers :1~118
Engel, C. / 1996 / How Wide Is the Border? / American Economic Review 86(5):1112~1125
Jonathan Eaton / 2002 / Technology, Geography, and Trade / Econometrica 70(5):1741~1779
Blavy, R. / 2009 / Mexico’s Integration into NAFTA Markets: A View from Sectoral Real Exchange Rates
Deardorff, A. V. / 1998 / Measurement of Non-Tariff Barriers :1~118
Engel, C. / 1996 / How Wide Is the Border? / American Economic Review 86(5):1112~1125
Jonathan Eaton / 2002 / Technology, Geography, and Trade / Econometrica 70(5):1741~1779
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