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http://dx.doi.org/10.15207/JKCS.2017.8.10.231

Analysis of Exchange Rates of major countries and Domestic Interest Rate Fluctuations Affecting Exports  

Choi, Soo-Ho (Division of Business, Sogang University)
Choi, Jeong-Il (Division of Business, Sungkyul University)
Publication Information
Journal of the Korea Convergence Society / v.8, no.10, 2017 , pp. 231-238 More about this Journal
Abstract
In this study, we selected interest rates and won/dollar, won/yen, won/yuan to find out the indicators affecting domestic exports in the age of convergence. Correlation, regression analysis, indicator analysis and model analysis were performed for 210 months since January 2000. As a result, the correlation between exports and won/dollar, won/yuan, won/yen was negative(-). Therefore the directions were different from each other. In regression analysis, only interest rate and won/dollar were statistically significant for export. In the coefficient, interest rate calculated positive(+) and won/dollar was negative(-). It is interpreted that the won/dollar depreciation positively affects export growth. In this study if the won/dollar exchange rate falls, exports will increase. This is different from previous studies. Therefore, it is necessary to review the posterior relationship by time difference. Korea is highly dependent on exports. Therefore, the study on the indicators affecting exports to increase exports should continue.
Keywords
Convergence; Export; Interest Rate; Exchange Rate; Indicator Analysis; Model Analysis;
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Times Cited By KSCI : 3  (Citation Analysis)
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