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The influence of Brexit on Container Volume of Korea  

Choi, Bong-Ho (동의대학교 무역학과)
Lee, Gi-Whan (부산대학교 무역학부)
Publication Information
Journal of Korea Port Economic Association / v.32, no.3, 2016 , pp. 67-81 More about this Journal
Abstract
This paper examines the influence of Brexit on container volume of Korea, especially of macroeconomic variables such as exchange rate and industrial production of EU and United Kingdom. To do this, we use monthly time series data during 2000-2016, and introduce the analysis method of cointegration test and VECM, and analyze the influence of industrial production and exchange rate of EU and U.K. on container volume of Korea. The results are as follows. First, the container volume of Korea is influenced by the exchange rate and industrial production of EU in the long run. But the exchange and industrial production of U.K. influenced on only export container volume of Korea, and the influence of U.K. macroeconomic variables on container volume of Korea was not large in the long lun. Second, In the shot run, the influence of exchange rate on container volume of Korea, especially on export container volume was significant in EU and U.K. To sum up, the influence of EU macroeconomic variables on container volume of Korea is larger than that of U.K., and the influence of exchange rate variable is more significant than that of industrial production variable.
Keywords
Brexit; Exchange Rate; Industrial Production; Cointegration test; VECM;
Citations & Related Records
Times Cited By KSCI : 3  (Citation Analysis)
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