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환율변화가 한국기업에 미치는 영향분석과 정책적 시사점: 기업데이터 분석을 중심으로 (The Impact of Exchange Rate Fluctuations on Korean Firms and Its Policy Implications)

Author

Listed:
  • Yoon, Deok Ryong

    (Korea Institute for International Economic Policy)

  • Kim, Hyo Sang

    (Korea Institute for International Economic Policy)

Abstract

The exchange rate is one of the most influential factors in the economy in Korea as Korea highly depend on the external sector. In an economy that is highly dependent on the foreign countries, changes in exchange rates affect imports and exports and cause changes in growth and income. Also, it affects the price level, the competitiveness of enterprises, and the level of employment. In this study, we investigated the effects of exchange rate not only on macroeconomic analysis but also extended to a micro analysis by using the firm-level data. It may contribute to more accurate and efficient policy responses by combining macroeconomic policy with microeconomic analysis. 우리나라 거시경제변수 가운데 경제 전반에 가장 많은 영향을 미치는 것은 환율이다. 가장 직접적으로는 무엇보다 우리나라의 대외의존도가 높기 때문이다. 대외의존도가 높은 경제에서 환율변화는 수출입에 영향을 미쳐서 성장과 소득의 변화를 야기한다. 뿐만 아니라 물가수준, 기업의 경쟁력, 고용수준 등에 까지 영향을 미치게 된다. 본 연구에서는 그동안 거시경제 중심으로 진행되어온 환율의 영향과 대응방안에 관한 연구를 기업데이터를 활용하여 미시적 분석으로 그 연구범위를 확대하였다. 이를 통해 거시경제적 정책대응과 더불어 미시적 정책대응을 결합할 수 있어서 더 적확하고 효율적인 정책대응의 모색에 기여하기 위해서이다.

Suggested Citation

  • Yoon, Deok Ryong & Kim, Hyo Sang, 2017. "환율변화가 한국기업에 미치는 영향분석과 정책적 시사점: 기업데이터 분석을 중심으로 (The Impact of Exchange Rate Fluctuations on Korean Firms and Its Policy Implications)," Policy Analyses 17-9, Korea Institute for International Economic Policy.
    • Handle: RePEc:ris:kieppa:2017_009
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    Keywords

    Exchange Rate; Korean Firms;

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