韓國의 輸出成長 決定要因에 대한 分析 = A Study on Determinants of Export Growth of Korea

다국어 초록 (Multilingual Abstract)

The purpose of this paper is to analyse main forces behind the growth of Korea's exports during the 1970-1985 period.
Constant-Market-Share(CMS) analysis technique was employed in order to disaggregate the growth of Korea's exports into four components; world demand effect, commodity composition effect, market diversification effect and competitive effect. Following this procedure. export function was estimated where export growth has been regressed on relative price of export and domestic production of exportables. The two independent variables were regarded as price and nonprice factors respectively which mainly deter-nine the competitive strength of export. Having estimated export function, attempts have been made to identify various forces affecting price and non-price competitiveness of Korea'exports.
The major findings are as follows:
(1) The growth of total exports was mainly attributable to world demand effect and competitive effect. The commodity effect and market diversification effect seem to play a minor role in increasing Korea's share in world export market. The competitive effect turns out to be most responsible for promoting Korea's exports. When the CMS technique was applied to each selected commodity group, the results were not much different from those of total exports.
(2) The estimation results of Korea's export function show that relative price and domestic production of exportables are important determinants of export growth of Korea.
It follows on the basis of magnitude of elasticities that the growth of exports is more sensitive to the change of domestic production rather than to the change of relative price. Moreover, domestic production turns out to be a significant variable in explaining the change of exports of each commodity group as well as of total exports. However, it followed that relative price does not influence exports of some commodity groups.
(3) It was observed that the favorable movements of real wage, productivity, import price of raw materials and intermediate goods, exchange rate and industrial production apprea to have strengthened the competitiveness of Korea's exports during 1970's. The government export promotion policies were also instrumental in promoting exports during the period.
Howevere, the decrease of domestic industrial production and expansion of new-protectionism in world market have significantly contributed to curtail Korea's exports during the 1980-1985 period.
In conclusion, the study provides some informations abort the control variables which can be instrumental in formulating the future export policies.

목차 (Table of Contents)

• Ⅰ. 序論
• Ⅱ. 韓國의 世界輸出市場 占有率 增大要因
• 1. 模 型
• 2. 輸出市場 占有率 增大要因
• Ⅲ. 輸出函數
• 1. 輸出函數의 設定
• 2. 輸出函數의 推定
• Ⅳ. 輸出競爭力을 결정하는 諸要因
• 1. 競爭力決定要因의 변동추이
• 2. 政府의 輸出支援政策
• Ⅴ. 結論 및 政策方向