Publications
KIEP Opinions
How Do Exchange Rate Movements Impact Firm Performance in Korea?
- Author KIM Hyo Sang
- Date2018-01-15
We investigate the effects of exchange rate changes not only on aggregate macro-level analysis but also extended on an industry- and firm-level analysis, which can provide richer implications as there are heterogeneous characteristics of industries and firms. Exchange rate changes do not have significant effects on firm productivity. However, the effects are different between the manufacturing and service sector. For manufacturing firms, 10%p appreciation of real exchange rate may lead to 2%p increase of firm productivity. For service firms, on the other hand, 10%p appreciation of real exchange rate may lead to 2-3%p decrease in firm productivity.
-
KIEP opinions_no125.pdf (183.48KB / Download 2,014회)Download
대외경제정책연구원의 본 공공저작물은 "공공누리 제4유형 : 출처표시 + 상업적 금지 + 변경금지” 조건에 따라 이용할 수 있습니다. 저작권정책 참조