국제통상 : 중력모형을 이용한 2008년 금융위기 전후 한국의 교역결정요인 분석 = International Trade : Determinants of Korea`s Trade before and after the 2008 Financial Crisis Activating Augmented Gravity Model

다국어 초록 (Multilingual Abstract)

This research analyzes the determinants of Korea`s trade using the Gravity model, Chow test and panel data anaysis. According to the pooled panel OLS analysis using the gravity model and Chow-test, Korea`s trade patterns before and after the 2008 financial crisis are heterogeneous. Variables of basic gravity model, GDP per capita, distance, and population, identically showed positive and significant correlation with trade volume before and after financial crisis, but also equally showed the decrease in absolute value of coefficient. On the other hands, Overseas Direct Investments(ODI) variable showed the increase in absolute value of coefficient. But TCI was no longer significant. This research is significant in that it is able to show the strategy for the long term growth in Korea`s volume of international trade through econometric analysis based on data of 55 trading partner of Korea.