FTA in international finance : impacts of exchange rates on FTA utilization

FTA in international finance : impacts of exchange rates on FTA utilization
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国际金融中的自由贸易协定：汇率对自由贸易协定利用的影响

DOI：
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发表时间：
2015
期刊：
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影响因子：
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通讯作者：
Taiyo Yoshimi
Taiyo Yoshimi
中科院分区：
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文献类型：
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作者：
Kazunobu Hayakawa;Kim， Hansung;Taiyo Yoshimi

文献摘要

相似文献

本文研究了汇率如何影响贸易中自由贸易协定（FTA）计划的利用。汇率变化通过两种方式影响FTA的利用。第一种方式是改变利用自由贸易协定获得的超额利润，第二种方式是促进遵守原产地规则。我们的理论模型预测，出口国货币对进口国货币的贬值会提高通过这两个渠道利用FTA的可能性。此外，我们的实证分析，这是基于丰富的关税线水平的数据，利用FTA计划在韩国从东盟国家的进口，支持理论预测。我们还表明，差异化产品的影响较小。
This paper investigates how exchange rates affect the utilization of a free trade agreement (FTA) scheme in trading. Changes in exchange rates affect FTA utilization by two ways. The first way is by changing the excess profits gained by utilizing the FTA scheme, and the second way is by promoting the compliance of rules of origin. Our theoretical models predict that the depreciation of exporters' currency against that of importers enhances the likelihood of FTA utilization through those two channels. Furthermore, our empirical analysis, which is based on rich tariff-line-level data on the utilization of FTA schemes in Korea's imports from ASEAN countries, supports the theoretical prediction. We also show that the effects are smaller for more differentiated products.