패널자료를 이용한 수입물가로의 환율전가도 추정

다국어 초록 (Multilingual Abstract)

The purpose of this paper is to investigate the extent of exchange rate pass-through on import prices in terms of buyer’s currency in Korea. To do this, I used the panel data model consisting of 29 industries. The evidence shows that there is the imperfect exchange pass-through which is 0.37 to 1.04 across estimation models. In addition, there exists the indirect effect of exchange on import prices through the cost change due to changing exchange rate. Finally, I tried to examine whether there is difference between the period of depreciation and appreciation of exchange rate. However, I could not find the strong relationship between exchange rate and the each period even if there is weak impact of exchange on import prices in the period of depreciation.

참고문헌 (Reference)

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