국제금융위기가 한국의 반도체 수출입에 미친 효과

Impact of International Financial Crisis on Korea's Semiconductor Trade Flows

The paper analyses the competitiveness of the Korean semiconductor industry and examines the impact of international financial crisis of 2008 on Korea's semiconductor trade flows. Our analysis of the TSI and RCA index shows that Korea has comparative advantage in semiconductor industry. We have also estimated the effects of international financial crises on Korea's semiconductor trade flows using a panel of 72 observations(1995.1/4-2012.4/4) for the 4 regions. We have found that international financial crisis have a statistically significant negative effect on Korea's semiconductor trade flows. Estimates presented in this paper suggest that international financial crisis could lower export volumes and import volumes. It is further observed that GDP and exchanges have an important effect on Korea's semiconductor trade flows, but the impact of exchange rates has smaller than that of GDP.