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http://dx.doi.org/10.14400/JDC.2017.15.10.113

Analysis of Volatility and Directionality of Korean Imports and Exports : Focused on USA, Japan, China, UK  

Choi, Soo-Ho (Division of Business, Sogang University)
Choi, Jeong-Il (Division of Business, SungKyul University)
Publication Information
Journal of Digital Convergence / v.15, no.10, 2017 , pp. 113-121 More about this Journal
Abstract
Korea is a country that needs trade. Because it lacks natural resources but has excellent skills and manpower. Trade balance means 'profit from the process of buying and selling various goods and services in many abroad countries'. If the export amount of Korea is more than the import amount, it is called the trade surplus. The purpose of this study is to find trends and future directions of exports and imports over the last 210 months for the US, China, Japan, United Kingdom which have large trade with Korea, Since 2000, China's exports have grown more than 800%. However, in the case of the US and Japan, there is a steady increase rate of around 200% without any major change. In order for Korea to increase exports for the surplus of trade balance, it seems that the increase in exports to the US and Japan as well as the increase in exports to China are more important. Since the rate of growth has been declining slightly due to the decline in exports of auto makers to China since 2014, we need a strategy to prepare for this.
Keywords
Export Amount; Import Amount; Trade Balance; Directionality; Volatility;
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Times Cited By KSCI : 7  (Citation Analysis)
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