A Structural Analysis for Forecasting Korea's Export Quantity

Sang-Ho Lee and Soo-Sup Song
Additional contact information
Sang-Ho Lee: Sejong University
Soo-Sup Song: Sejong University

Korean Economic Review, 1999, vol. 15, 323-336

Abstract: Export functions have been empirically estimated by many researchers in order to measure price and income elasticities, which are then used in forming various economic policy measures. However, since the model specification of these researches has not included the exchange risk variable, the estimation results can not be said to represent the real behavioral pattern of exporters. This paper tries to rectify this inappropriateness by explicitly including the exchange risk variable in the estimation process. Estimation result shows that exchange risk affects Korea's export quantity significantly along with those variables such as export unit prices, importing country's income level, etc. In addition, the short-run model with error correction term provided more accurate forecast for the Korean export quantity than the long-run equilibrium model.

Keywords: Export Quantity; Dynamic Equation; Equilibrium Equation (search for similar items in EconPapers)
JEL-codes: F10 F17 (search for similar items in EconPapers)
Date: 1999
References: Add references at CitEc
Citations:

Downloads: (external link)
http://keapaper.kea.ne.kr/RePEc/kea/keappr/KER-199912-15-2-07.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kea:keappr:ker-199912-15-2-07

Access Statistics for this article

Korean Economic Review is currently edited by Kyung Hwan Baik

More articles in Korean Economic Review from Korean Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by KEA ().