메뉴 건너뛰기
Library Notice
Institutional Access
If you certify, you can access the articles for free.
Check out your institutions.
ex)Hankuk University, Nuri Motors
Log in Register Help KOR
Subject
Humanities
General Humanities History Philosophy Religious Studies Linguistics and Literature Other Humanities
Social science
General Social Science Business Management Tourism Education Military Science Library and Information Science Law Sociology Journalism and Media Studies Psychological Science Political Science and Diplomacy Geography Public Administration Economics International Trade Anthropology Other Social Science
Natural science
General Natural Science Physics Biology Life Sciences Mathematics/Statistics Astronomy Earth Science Chemistry Other Natural Science
Engineering
General Engineering Architectural Engineering Mechanical Engineering Industrial Engineering Material/Energy Engineering Electrical and Electronic Engineering Marine and Ocean Engineering Chemical Engineering Computer Science Other Engineering
Medical science
General Medical Science Nursing Science Veterinary Pharmacy Traditional Korean Medicine Basic Medicine Clinical Medicine Other Medicine
Agriculture and Fishery
General Agriculture and Fishery Agriculture Fishery Science Food Science Forestry Animal Husbandry Marine Transportation Studies Other Agriculture and Fishery
Art and Kinesiology
General Arts Design Fine Arts Cosmetology Photography Music Fashion Kinesiology Performing Media Arts Other Arts and Kinesiology
Interdisciplinary Studies
Interdisciplinary Research Science and Technology Studies Brain and Cognitive Science Technology Policy Other Interdisciplinary Studies

KOR

Business Cycles and Impacts of Oil Shocks on the Korean Macroeconomy
Recommendations
Search

경기변동에 따른 유가충격이 거시경제에 미치는 영향에 관한 연구

논문 기본 정보

Type
Academic journal
Author
IIngul Baek (한국주택금융공사 주택금융연구원) Kim Taehwan (에너지경제연구원 에너지국제협력센터)
Journal
한국환경경제학회, 한국자원경제학회 자원환경경제연구 자원환경경제연구 제29권 제2호 KCI Accredited Journals
Published
2020.1
Pages
171 - 194 (24page)

Usage

cover
Business Cycles and Impacts of Oil Shocks on the Korean Macroeconomy
Ask AI
Recommendations
Search

Abstract· Keywords

Report Errors
We revisit the impact of oil shocks on the Korean economy and examine how this impact varies depending on a business cycle. First, we estimate the probability of a recession through a logistic probability distribution, and correct the probability to match business cycles announced by the Korea National Statistical Office. We set up a STVAR model to analyze the response of macroeconomic variables to oil shocks according to business cycles. We find that oil shocks during the recession have a negative effect on GDP in the mid- and long-term, but during the expansion, GDP does not show a statistically significant response to oil shocks. We presume that this finding is associated with the factors of both the increase in demand for consumption and the increase in current account during the economic boom. Also, we find that the impact of oil shocks on the price level was also observed differently in terms of the persistence of inflation by business cycle. These results highlight the importance of an application of a regime switching model, which has been widely used in energy economics in recent years.
#유가충격 #경기변동 #거시경제 #STVAR모형

Contents

No content found

References (34)

Add References
김권식 / 2011 / 국제유가 충격이 경기불황을 심화시키는가? / 경제분석 17(2):90~123 google schola 김영덕 / 2003 / 유가충격이 산업활동에 미치는 영향: 산업별 영향을 중심으로 :1~148 dbpia 김진웅 / 2009 / 국제 유가 변동에 대한 국내 휘발유 가격의 비대칭적 반응 / 에너지경제연구 8(2):105~131 dbpia 손양훈 / 1999 / 원유가격 하락의 거시경제적 효과에 관한 연구 / 자원경제학회지 8(2):207~225 google schola 송승주 / 2008 / 물가. 성장간 관계변화 분석: 유가변동기를 중심으로, 금융경제연구 google schola

Recommendations

It is an article recommended by DBpia according to the article similarity. Check out the related articles!

Related Authors

Recently viewed articles

Facilitating Students’ Exploration of the Modern Transition
Kang, Sun JooThe Korean History Education Society2016.12
 The customized tour guide service combining augmented and virtual reality
Park Hee-Soo, Park Seung BeaKorean Society of Design Science2016.10
 비규제 대안으로서 사회마케팅의 가능성 탐색
김성준Korean Association For Policy Science2006.09

Comments(0)

0

Write first comments.