Effects on the Fishing Industry of Changes in Foreign Exchange Rates;-The Pass-Through of Exchange Rate Changes to Export Price-

환율변동이 수산업에 미치는 영향;-수출가격에의 전가도를 중심으로-

  • 박영병 (부산수산대학교 경영대학) ;
  • 어윤양 (부산수산대학교 경영대학)
  • Published : 1995.12.01

Abstract

This paper tried to estimate the pass - through of exchange rate changes to export price of fishery products using export price function. The results are as follows : 1) The variable of fluctuation of exchange rate of Won(equation omitted) to Yen(equation omitted)(variable E2) is more powerful explanatory variable than that of Won to U.S. dollar to explain the fluctiation of export price of fishery products(varible $P_{t}$)- 2) The variable of fish catches(variable K $P_{t}$) is also found to be a statistically significant varible but that of producer price index is not found. 3) The variable E2 have statistically a more influence on variable $P_{t}$ than variable K $P_{t.}$ 4) The estimation shows us that 1% of fluctuation of variable E2 could result in 0.9978% of fluctuation of variable $P_{t.}$

Keywords