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Effects of the Instability of International Financial Market on Port Import from China in Korea  

Kim, Chang-Beom (조선대학교 동아시아경제연구소)
Lee, Min-Hui (조선대학교 경상대학 경제학과)
Publication Information
Journal of Korea Port Economic Association / v.26, no.2, 2010 , pp. 49-57 More about this Journal
Abstract
This paper examines the relationship between port import from China and macroeconomic variables such as international financial crisis, exchange rate, and industrial production during the period 2000-2009. I employ GPH cointegration methodology since the model must be stationary to avoid the spurious results. The empirical results show that our model is stationary as well as mean-reverting. This paper also applies impulse-response functions to get additional information regarding the responses of the port import to the shocks economic variables such as financial crisis, exchange rate, and industrial production. The results show that the response of port import to exchange rate and financial crisis declines at the first and dies out slowly.
Keywords
financial crisis; port import; exchange rate; industrial activity;
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Times Cited By KSCI : 2  (Citation Analysis)
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