THE J-CURVE AND KOREA'S BILATERAL TRADE: THE ROLE OF CRUDE OIL PRICES

被引：0

作者：

Xu, Jiangqin ^{[1
]}

Baek, Jungho ^{[2
]}

机构：

[1] Hubei Univ, Business Sch, Wuhan, Hubei, Peoples R China

[2] Univ Alaska Fairbanks, Sch Management, Dept Econ, Fairbanks, AK 99701 USA

来源：

SINGAPORE ECONOMIC REVIEW | 2024年 / 69卷 / 01期

关键词：

Balance of trade; exchange rate; J-curve; Korea; oil prices; REAL EXCHANGE-RATE; SHOCKS; BALANCE; RATES; COINTEGRATION; DETERMINANTS; VOLATILITY; INFLATION; MALAYSIA; GROWTH;

D O I：

10.1142/S0217590820500381

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Although oil prices likely influence the trade balance via macroeconomy channels (i.e. exchange rates and income), less widely recognized is the possibility of such an effect in investigating the hypothesis of a J-Curve. Thus, the primary thrust of this paper is to investigate the effect of oil prices on the J-Curve using bilateral trade data between Korea and her 14 largest partners. We uncover that the price of crude oil is indeed important in affecting the Korean trade balance and thus further validity evidence of the J-Curve. We further discover that incorporating exchange rate asymmetry provides more evidence supporting the J-Curve in the Korean trade balance.

引用

页码：203 / 226

页数：24

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