콘텐츠 바로가기
로그인
컨텐츠

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Economy Trade
Economy Economic System
Territorial Development Transport/Logistics

Print

An analysis of Korea-ASEAN trade and its implications for the shipping industry in Korea

Related Document
Frame of Image
  • An analysis of Korea-ASEAN trade and its implications for the shipping industry in Korea
  • Ha, Yeong Seok Ha; Chung, Keun Jon; Seo, Jung Soo
  • Elsevier B.V.


link
Title An analysis of Korea-ASEAN trade and its implications for the shipping industry in Korea
Similar Titles
Material Type Articles
Author(English)

Ha, Yeong Seok Ha; Chung, Keun Jon; Seo, Jung Soo

Publisher

[Amsterdam, The Netherlands]:Elsevier B.V.

Date 2016-06
Journal Title; Vol./Issue The Asian Journal of Shipping and Logistics:vol. 32(issue 2)
Pages 9
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Trade
Economy < Economic System
Territorial Development < Transport/Logistics
Holding Elsevier B.V.

Abstract

The shipping industry is an import economic player in Korea, and demand for shipping closely intertwines with the global trade climate. Understanding how movements of income and price influence freight volume measured in TEU is critical for improving shipping companies’ fleet deployment and scheduling. This paper estimated within the framework of a vector error correction model in a time series analysis for the period of 2000Q1 to 2015Q2 trade elasticities of income and real exchange rate of Korea’s exports to and imports from ASEAN-5 (Indonesia, Malaysia, the Philippines, Singapore and Thailand). We found that trade elasticity of income exerts a significant, positive influence on the volume of Korea’s exports to and imports from ASEAN-5 and that during the same period the real exchange rate exerts asymmetric influence over Korea’s trade with them. (The rest omitted)