Through the efficient support to the Korean firms’ export activities, logistics industry is contributing a lot to Korea’s export and country’s economic development. On this perspective, this paper analyzes empirically the effect of logistics industry on the Korea’s export. According to the export behavior function discussed in this paper, in addition to the logistics industry, exchange rates obviously affect Korea’s export. Therefore macro-economic policy efforts to stabilize exchange rate is important to support Korean firms’ export activities. However, exchange stability policy measures such as government intervention to the foreign exchange market often cause unnecessary conflict among trading nations, which may bring adverse effect to the national economy as a whole. This situation leads to the conclusion that development of the logistics industry is more efficient way to enhance Korea’s export capability than exchange rate related macro-economic policies. We may conclude that, for the growth and development of the Korean economy, it is very important for Korea to have globally competitive logistics industry through appropriate industrial policy measures.
Through the efficient support to the Korean firms’ export activities, logistics industry is contributing a lot to Korea’s export and country’s economic development. On this perspective, this paper analyzes empirically the effect of logistics industry on the Korea’s export. According to the export behavior function discussed in this paper, in addition to the logistics industry, exchange rates obviously affect Korea’s export. Therefore macro-economic policy efforts to stabilize exchange rate is important to support Korean firms’ export activities. However, exchange stability policy measures such as government intervention to the foreign exchange market often cause unnecessary conflict among trading nations, which may bring adverse effect to the national economy as a whole. This situation leads to the conclusion that development of the logistics industry is more efficient way to enhance Korea’s export capability than exchange rate related macro-economic policies. We may conclude that, for the growth and development of the Korean economy, it is very important for Korea to have globally competitive logistics industry through appropriate industrial policy measures.
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