콘텐츠 바로가기
로그인
컨텐츠

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Economy Economic System
Social Development Population

Print

Real exchange rate dynamics and demographic structure in Korea

Related Document
Frame of Image
  • Real exchange rate dynamics and demographic structure in Korea
  • Lee, Dong-hoon; Park, Cheolbeom
  • Korean Econometric Society


link
Title Real exchange rate dynamics and demographic structure in Korea
Similar Titles
Material Type Reports
Author(English)

Lee, Dong-hoon; Park, Cheolbeom

Publisher

[Seoul]:Korean Econometric Society

Date 2015-09
Journal Title; Vol./Issue Journal of Economic Theory and Econometrics:Vol. 26(No. 3)
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Economic System
Social Development < Population
Holding Korean Econometric Society

Abstract

We employ a non-parametric approach to examine the real exchange rate and the entire age distribution in South Korea. We find that movements of the real exchange rate are tightly related to the evolution of the demographic structure and that the estimated age response function is consistent with a lifecycle model in which older generation and younger generation have a positive effect on the real exchange rate. Finally, the real exchange rate is forecasted to appreciate gradually, which suggests that the growing proportion of the older population has a stronger impact than the falling proportion of the younger generation on the real exchange rate