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Effects of Exchange Rate Risk and Industrial Activity Uncertainty on Import Container Volume in Korea  

Kim, Chang-Beom (조선대학교 동아시아경제연구소)
Publication Information
Journal of Korea Port Economic Association / v.26, no.4, 2010 , pp. 88-100 More about this Journal
Abstract
This paper investigates the influence of industrial activity volatility and exchange rate volatility on import container volume of the Korea during the 1999:1- 2010:9. Conditional variance from the GARCH(1, 1) model is applied as the volatility. The Johansen multivariate cointegration method and the error correction (general-to-specific) method are applied to study the relationship between import volume and its determinants. The empirical results show that volatility has statistically significant negative effect on import volume.
Keywords
import container volume; exchange rate risk; industrial activity uncertainty; impulse-response;
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Times Cited By KSCI : 1  (Citation Analysis)
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