An Empirical Study of the Impact of Some Macroeconomic Factors on China's Export to Korea

By using of the analysis tools of cointegration and variance decomposition, this paper empirically analyzes the impact of macro-economic factors, such as real income, relative price and exchange rate, on export from China to South Korea detailedly. The results reveals that: in the long run, there exists stable equilibrium relationships between factors pointed above and Sino-Korea export; the increase of real income and exchange rate risk will lead to the expanding of Sino-Korea export, and the rise of relative price will reduce Sino-Korea export.