Journal of the Korean Society for Aviation and Aeronautics (한국항공운항학회지)

The Korean Society for Aviation and Aeronautics (한국항공운항학회)
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Analysis of Factors Influencing Korea's Air Trade with China

  • Lim, Jae-Hwan (Department of Aviation Management & Logistics, Catholic Kwandong University) ;
  • Kim, Young-Rok (Department of Aeronautical Science & Flight Operation, Silla University) ;
  • Choi, Yun-Chul (Department of Aviation, Hanseo University) ;
  • Choi, Yu-Jeong (Planning and Coordination Office, Korea Institute for National Unification)
  • Received : 2021.08.09
  • Accepted : 2021.08.17
  • Published : 2021.09.30
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Abstract

This study aims to identify the representative factors affecting the air trade between the two countries over the past 20 years, targeting China, Korea's largest trading partner for air transport. In the analysis, the two countries' GDP, GDP per capita, and tariff rates, as well as exchange rates, international oil prices, and FTAs were used as variables. For the analysis method, OLS multiple regression analysis was performed, and each was analyzed by dividing the export amount, import amount, and trade amount. As a result of the analysis, China's GDP and Korea's GDP per capita showed a positive (+) direction, an increase in the exchange rate resulted in an increase in the amount of trade, and an increase in the tariff rate resulted in a decrease in the amount of trade. Whether the FTA was concluded or not acted as a factor in increasing the amount of trade between the two countries.

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References

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