한국의 무역과 경제성장의 상호영향력에 관한 실증적 연구

An Empirical Study on the Mutual Influence between Trade and Economic Growth in Korea

This article examine on the mutual influence between trade and economic growth in Korea. For this purpose, we employ the vector-autoregression method, impulse response function and variance decomposition, Granger causality test using monthly data on the KOSPI and the trade industry price index in Korea. The sample period covers the period from January 8, 2000 to June 22, 2015. This research showed the following major results. First, from basic statistic analysis, the KOSPI and the trade industry price index in Korea have unit roots. Second, there is at least one cointegration among them. In addition, we find that KOSPI Granger causes the trade industry price index in Korea.