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http://dx.doi.org/10.22156/CS4SMB.2019.9.9.133

The Effect of Export Volume, Export Price Index and Treasury Bond Interest Rate on Export Amount  

Kim, Shin-Joong (Department of Business Administration, Daejin University)
Choi, Jeong-Il (Division of Business, Sungkyul University)
Publication Information
Journal of Convergence for Information Technology / v.9, no.9, 2019 , pp. 133-140 More about this Journal
Abstract
Following the recent US trade deficit, the trade war began between Korea and Japan in July. Korea's trade dependence is about 60% or more, indicating high export dependence and import dependence. The purpose of this study is to examine export amount, export volume, export price index, Treasury bond interest rate and analyze how index affects export amount. This study attempts to analyze the comovement and volatility with export amount. For this purpose, monthly data for each indicator were selected for a total of 234 months from January 2000 to June 2019. As a result of analysis, exports amount and exports volume showed very high comovement, exports amount and interest rates showed low comovement, but exports amount and exports prices showed very low comovement. In the future, Korea should continue to increase exports amount in view of its high dependence on trade, along with policies to expand the domestic market. To this end, strategy to increase exports volume should be presented. Korea should increase the logistics environment and competitiveness of each port and airport, improve domestic and overseas network construction and support services of logistics companies.
Keywords
Export Amount Index; Export Volume Index; Export Price Index; Treasury Bond Interest Rate; Change Rate;
Citations & Related Records
Times Cited By KSCI : 6  (Citation Analysis)
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