한·중 FTA이후, 중국산 수산물 수입가격의 환율전가도 분석* (An Analysis of Exchange Rate Pass-Through into the Import Prices of Fisheries Products from China after the Korea-China FTA*)

서지정보

· 발행기관 : 한국무역연구원
· 수록지 정보 : 무역연구 / 19권 / 5호 / 275 ~ 292페이지
· 저자명 : 이정미, 임은선, 백준혁

초록

Purpose – The aim of this study is to assess the impact of the Korea-China FTA on the exchange rate pass-through for the top ten imported fisheries products.
Design/Methodology/Approach – In this study, we utilize the unit root test, cointegration test, and OLS regression analysis to investigate the long-term equilibrium relationship among exchange rates, real GDP, domestic fishery product prices, and the Korea-China FTA. These factors play a crucial role in influencing the prices of imported fisheries products from China.
Findings – We found that the impact of the Korea-China FTA on import exchange rate pass-through depends on the market share held by fisheries products in the Korean import market. Specifically, following the implementation of the Korea-China FTA, fisheries products with a substantial market share in the Korean import market exhibited relatively high exchange rate pass-through. Conversely, for fisheries products with a lower market share, the exchange rate pass-through has decreased since the FTA came into effect.
Research Implications – This study stands out from prior research by focusing on China, a dominant player in Korea's fisheries products market. We analyzed the Korea-China FTA's impact on exchange rate pass-through for ten specific fish products, categorized by market share. Our findings can assist domestic fishery product producers and policymakers in developing effective strategies based on market share within Korea's imported fisheries products market.

영어초록

Purpose – The aim of this study is to assess the impact of the Korea-China FTA on the exchange rate pass-through for the top ten imported fisheries products.
Design/Methodology/Approach – In this study, we utilize the unit root test, cointegration test, and OLS regression analysis to investigate the long-term equilibrium relationship among exchange rates, real GDP, domestic fishery product prices, and the Korea-China FTA. These factors play a crucial role in influencing the prices of imported fisheries products from China.
Findings – We found that the impact of the Korea-China FTA on import exchange rate pass-through depends on the market share held by fisheries products in the Korean import market. Specifically, following the implementation of the Korea-China FTA, fisheries products with a substantial market share in the Korean import market exhibited relatively high exchange rate pass-through. Conversely, for fisheries products with a lower market share, the exchange rate pass-through has decreased since the FTA came into effect.
Research Implications – This study stands out from prior research by focusing on China, a dominant player in Korea's fisheries products market. We analyzed the Korea-China FTA's impact on exchange rate pass-through for ten specific fish products, categorized by market share. Our findings can assist domestic fishery product producers and policymakers in developing effective strategies based on market share within Korea's imported fisheries products market.

참고자료

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