氏名

バク サンジュン

朴 相俊

職名

教授 (https://researchmap.jp/read0206159/)

所属

(国際教養学部)

連絡先

住所・電話番号・fax番号

住所
〒169-8050新宿区西早稲田1-6-1 早稲田大学国際教養学部
電話番号
03-5286-9866
fax番号
03-3208-8401

URL等

研究者番号
30339923

本属以外の学内所属

兼担

国際学術院(大学院アジア太平洋研究科)

政治経済学術院(大学院経済学研究科)

学内研究所等

現代韓国研究所

研究所員 2008年-2009年

日韓グローバル研究所

研究所員 2010年-2012年

現代韓国研究所

研究所員 2009年-2010年

日韓グローバル研究所

研究所員 2012年-2012年

韓国学研究所

研究所員 2018年-

韓国学研究所

研究所員 2013年-2018年

商学学術院総合研究所(産業経営研究所)

兼任研究員 2009年-2019年

学歴・学位

学歴

-1988年 該当なし 経済学部
-1990年 該当なし 経済学研究科
-1997年 該当なし 経済学研究科

学位

博士 論文 該当なし 理論経済学

所属学協会

Society for Computational Economics

Econometric Society

American Economic Association

日本経済学会

研究分野

キーワード

経済動学、為替、貿易

科研費分類

社会科学 / 経済学 / 経済政策

社会科学 / 経済学 / 経済政策

社会科学 / 経済学 / 経済統計

社会科学 / 経済学 / 理論経済学

研究テーマ履歴

heterogeneous expectations and price dynamics

個人研究

globlal imbalance and East Asian exchange rates

個人研究

Impacts of exchange rates on trade

個人研究

論文

Monetary Policy and Corporate Investment: Analysis of the Asset Price Channel and the Balance Sheet Channel

SaangJoon Baak

BOK 経済分析2018-92018年03月-2018年03月 

詳細

掲載種別:研究論文(大学,研究機関紀要)

Is the yen misaligned more during the Abenomics period? 

SaangJoon Baak

Japan and the World Economy査読有り(44)p.26 - 342017年10月-2017年10月 

詳細

掲載種別:研究論文(学術雑誌)

Estimates of Korea’s bilateral export functions

SaangJoon Baak

Journal of Market Economy44(1)p.1 - 322015年-

The long recession of Japan and its lessons for Korea

SaangJoon Baak

Market and Government Research Center, Seoul National University2014年03月-

Changes in the Japanese market since Abenomics and penetration strategies for Korean firms

朴相俊

日本研究、韓日産業技術協力財団14(03)2014年03月-

Do Chinese and Korean products compete in the Japanese market? An investigation of machinery exports

SaangJoon Baak

Journal of Japanese and International Economies34p.256 - 2712014年-

Revisiting the J curve for Japan

M. Ono and S.J. Baak

Modern Economyvol. 5p.32 - 472014年-

世界経済の環境の変化と韓国の輸出に対する影響

朴相俊

世界経済の構造転換が東アジア地域に与える影響、日中韓国際共同研究報告書、内閣府経済社会総合研究所2013年-

Measuring misalignments in the Korean exchange rate

SaangJoon Baak

Japan and the World Economyvol. 24p.227 - 2342012年-

The impact of the Chinese Renminbi on Korean and Japanese Exports to the United States

SaangJoon Baak

Korea and the World Economyvol. 12(no. 3)p.425 - 4552011年-

The impact of exchange rates on the Korean exports: Focusing the possibility of structural changes

SaangJoon Baak

Journal of Market Economyvol. 40(no.1)p.27 - 492011年-

Measuring misalignments in the Korean exchange rate

SaangJoon Baak

ERINA Discussion PaperNo. 1102e2011年-

Revisiting the J curve for Japan

Masanori Ono and SaangJoon Baak

Discussion Paper Series 66, The Economic Society of Fukushima University2010年-

The bilateral real exchange rates and trade between China and the U.S.

SaangJoon Baak

China Economic Reviewvol. 19, no. 32008年-

The service sector in the ROK

SaangJoon Baak

ERINA ROK Economic System Seriesno. 142008年-

Exchange rate volatility and exports from East Asian countries to Japan and the U.S.

SaangJoon Baak

Applied Economicsvol. 392007年-

The effect of the Chinese renminbi on Korean Exports to Japan

SaangJoon Baak

The Journal of Econometric Study of Northeast Asiavol. 6, no. 1p.103 - 1122007年-

The impact of the Chinese renminbi on the exports of the ROK and Japan to the US

SaangJoon Baak

ERINA Discussion PaperNo. 0604e2006年-

Exchange rate volatility and trade among the Asia Pacific countries

SaangJoon Baak

Journal of International Economic Studies8(1)p.93 - 1162004年-

Japanese yen and East Asian currencies: before and after the Asian financial crisis

SaangJoon Baak

Journal of Asia Pacific Economy9(3)p.271 - 2872004年-

Exchange rate volatility and exports from East Asian countries to Japan and the U.S.

SaangJoon Baak、Arif Al-Mahmood,Souksavanh Vixathep

International Development Series03−22003年-

The impact of the Japanese yen on the Korean won: before and after the Asian financial crisis

SaangJoon Baak

Journal of Econometric Study of Northeast Asia, vol. 3, no. 2, pp. 39~50.3(2)p.39 - 502002年-

Dynamics of a market with market participants switching their expectation formation functions

Korea’s Official Pool of International Economists & Regional Experts Series2001-332001年-

Exchange rate volatility and the Korean exports

SaangJoon Baak

Journal of Korean Economic Analysis7(3)p.179 - 2132001年-

Heterogeneous Expectations, Volatility and Welfare

International Development Series2000年-

Tests for Bounded Rationality with a Linear Dynamic Model Distorted by Heterogeneous Expectations

SaangJoon Baak

Journal of Economic Dynamics and Controlvol. 23p.1517 - 15271999年-

Optimal strategies for the futures trade of the Korean Public Procurement Service

SaangJoon Baak and Y.S. Jung

1999年-

IMF Bail-Out and Korea’s Economic Reform

SaangJoon Baak and Y. S. Jung

KIET Economic Reviewvol. 3(no.1)p.3 - 151998年-

Investment of Physical Capital in Korean Manufacturing Industries: From Quantity to Quality

SaangJoon Baak

KIET Economic Reviewvol. 3(no. 2)p.3 - 71998年-

The macroeconomic effects of foreign direct investment

SaangJoon Baak (朴相俊)

KIET industrial economy (KIET産業経済)vol. 21998年-

書籍等出版物

為替レート、金融と貿易、(第39章、現代韓国を知るための60章)

朴相俊

明石書店2014年-

詳細

ISBN:978-4-7503-4082-1

韓国のサービス部門−その傾向と労働生産性の国際比較 (第4章、韓国経済の現代的課題)

朴相俊

日本評論社2010年-

詳細

ISBN:978-4-535-55616-4

外部研究資金

科学研究費採択状況

研究種別:

円レートはミスアライメントされているか?-外国為替市場参加者の合理性からの検証

2013年-0月-2016年-0月

配分額:¥3380000

研究種別:基盤研究(A)

グローバル経済におけるビジネスと会計制度の変化に関する経済学的研究

2012年-2016年

研究分野:応用経済学

配分額:¥34710000

研究種別:

韓国における市場参加者のヘテロジーニアスな期待と為替レートの動き

配分額:¥3640000

研究種別:

日本・東アジア諸国間における為替レート・ボラティリティと貿易

配分額:¥1700000

研究種別:

Was there a structural break in the impacts of exchange rates on the machinery exports of Japan to the US?

2017年-0月-2020年-0月

配分額:¥2990000

学内研究制度

特定課題研究

脱産業化と経済成長(Deindustrialization and economic growth)

2005年度

研究成果概要:The purpose of this paper is to investigate the impact of deindustrialization on economic growth and to compare it ...The purpose of this paper is to investigate the impact of deindustrialization on economic growth and to compare it with the impact of industrialization. The paper employs a two sector neo-classical growth model as the theoretical basis of empirical tests. The two sectors are industry (or manufacturing) and services. Then, the growth model is converted into testable growth equations. Empirical tests using data from 93 countries for the period from 1975 to 2002 indicate the contribution of the service sector on economic growth is almost the same as that of the manufacturing sector. However, further tests using sub sets of data with different income levels show the relative contribution of the sectors depend on income levels. The results imply that transition from agriculture to services without going through industrialization should not be a desirable development policy and that the impacts of deindustrialization on economic growth are positive for rich countries.

グローバル化する日本経済の脱工業化とサービス貿易

2008年度

研究成果概要:1. Unbalanced capital-labor ratio among sectors and economic growthAs deindustrialization proceeds in advanced coun...1. Unbalanced capital-labor ratio among sectors and economic growthAs deindustrialization proceeds in advanced countries, labor shifts from the manufacturing sector to the service sector faster than physical capital. As a result, the capital-labor ratio of the service sector becomes relatively lower than that of the manufacturing sector. This paper investigates whether this unbalanced capital-labor ratio among sectors have some impacts on economic growth. Since sectoral investment data are not avaiable in general, the data were computed based on a multi-sector neo classical growth model. The empirical analysis using the WDI and Penn-world data for the period from 1980 to 2004 shows over-investment in a sector has negative influence on economic growth, implying that countires in which labor is moving to the service sector but capital investment does not follow will have sluguish economic growth.2. The service sector in the ROK: A comparison of trends and labor productivity with selected OECD countriesThis paper computes the labor productivity of five OECD countries (South Korea, Japan, Germany, UK, US) for the period from 1980 to 2003 using OECDSTAN indcators database (2005) and compares them. Especially by comparing the service sector productivity of South Korea (ROK) with those of Japan and other advanced countries, this paper aims to obtain policy implication regarding the service sector development. The computed productivity shows that South Korea and Japan follows very similar trend in which some service sectors are absorbing workers from some downsizing manufacturing sectors due to deindustrialization and thus suffer from low labor productivity. This problem chanllanges the two countries. One imprtant task of the Korean and the Japanese economy is to develop industries which will efficiently producing services and thus which will absorb workers from low-productive service sectors.

市場参加者の合理性と近年の通貨危機における韓国為替レートの非合理的な動き

2012年度

研究成果概要:The purpose of this paper is to examine whether heterogeneous expectations models can explain the irrational dynami...The purpose of this paper is to examine whether heterogeneous expectations models can explain the irrational dynamics ofthe Korean exchange rate during 2007-2008 global financial crisis. Even though the fundamental economic variables such as GDP, current account balance and unemployment rate were not badly affected by the so called sub-prime mortgage crisis and the collapse of Lehman Brothers, Korea's currency value depreciated much more drastically than other Asian currencies in 2008. The present paper adopted heterogeneous models in which two types of market participants trade foreign currencies to maximize their profits in the foreign currency market. In the first model, one type of market participants have rational expectations and the other type has static expectations. In the second model, one type is fundamentalsits who believe that the exchange rate will return to the equilibrium value based on PPP. The other type is chartists who believe the current trend will persist. In the two models, market participants can change their expectations formations functions based on their past performance. Empirical tests using montly data for the period from 2000 January to 2012 June show that the two heterogeneous models better fit to the actual data than rational expectations models. In addition, the test results indicate the presence of heterogeneity in the expectations of market participants. However, the results are not consistent with theoretical prediction in the respect that the fraction of type-one agents do not increase but decrease when the performance of type-one expectation formation function outperform the performance of type-two expectations formation function.Finally, the heterogeneous models better capture the irrational movements of the Korean exchange rate in 2008-2009 than rational expectations models. However, the dynamics of the Korean exchange rate in that period were much more volatile than even the predictions of the heterogeneous models, implying that to explain the excessive volatility in the Korean exchange rate during the global crisis requires more than lack of rationality of economic agents.

Was there a structural break in the impacts of exchange rates on the machinery exports of Japan to the US?

2017年度

研究成果概要:This research analyzes the panel data of ten-digit level machinery commodities which are exported from China, Japan...This research analyzes the panel data of ten-digit level machinery commodities which are exported from China, Japan and South Korea to the US from 2002Q1 to 2012Q4 to determine the impacts of exchange rates on the quantity and price of the exports of the three Asian countries involved. The TSLS estimation results show that a depreciation of the yen by 1% in a quarter leads to 0.47% increase in the Japanese quantity and 0.48% decrease in the Japanese price, resulting in a very slight change in the value of Japan’s exports in the same quarter. Even though it pushes up the Chinese quantity more than it pushes down the Chinese price, its impact on the Chinese export value is negligibly small. In contrast, a 1% depreciation of the yen in a quarter increases the Korean quantity by 0.85% and decreases the Korean price by 0.7% resulting in 0.15% increase in the Korean export value in the same quarter. In addition, it increases the Korean export value in the following quarter by 0.19%. The test for a structural break will be performed after the data coverage is extended to 2017Q4.

The impacts of exchange rates on the machinery exports from China, Japan and Korea to the US

2016年度

研究成果概要:This research analyzes the panel data of ten-digit level machinery commodities which are exported from China, Japan...This research analyzes the panel data of ten-digit level machinery commodities which are exported from China, Japan and South Korea to the US from 2002Q1 to 2012Q4 to determine the impacts of exchange rates on the quantity and price of the exports of the three Asian countries involved. The TSLS estimation results show that a depreciation of the yen by 1% in a quarter leads to 0.47% increase in the Japanese quantity and 0.48% decrease in the Japanese price, resulting in a very slight change in the value of Japan’s exports in the same quarter. Even though it pushes up the Chinese quantity more than it pushes down the Chinese price, its impact on the Chinese export value is negligibly small. In contrast, a 1% depreciation of the yen in a quarter increases the Korean quantity by 0.85% and decreases the Korean price by 0.7% resulting in 0.15% increase in the Korean export value in the same quarter. 

The impacts of exhange rates on the machinery exports from China, Japan and Korea to the US

2016年度

研究成果概要:This research analyzes the panel data of ten-digitlevel machinery commodities which are exported from China, Japan ...This research analyzes the panel data of ten-digitlevel machinery commodities which are exported from China, Japan and SouthKorea to the US from 2002Q1 to 2012Q4 to determine the impacts of exchangerates on the quantity and price of the exports of the three Asian countriesinvolved. The TSLS estimation results show that a depreciation of the yen by 1%in a quarter leads to 0.47% increase in the Japanese quantity and 0.48%decrease in the Japanese price, resulting in a very slight change in the valueof Japan’s exports in the same quarter. Even though it pushes up the Chinesequantity more than it pushes down the Chinese price, its impact on the Chineseexport value is negligibly small. In contrast, a 1% depreciation of the yen ina quarter increases the Korean quantity by 0.85% and decreases the Korean priceby 0.7% resulting in 0.15% increase in the Korean export value in the samequarter. 

海外研究活動

研究課題名: Bounded rationality and Exchange rate volatility

2010年04月-2011年03月

機関: Ann-Arbor,University of Michigan(アメリカ)

現在担当している科目

科目名開講学部・研究科開講年度学期
Introduction to Macroeconomics 01国際教養学部2019春学期
Introduction to Macroeconomics 51国際教養学部2019秋学期
Financial institutions and markets 51国際教養学部2019秋学期
Korean Economy (in Korean) 51国際教養学部2019秋学期
Seminar on Economy and Business 01国際教養学部2019春学期
Seminar on Economy and Business 51国際教養学部2019秋学期
Intermediate Seminar 01国際教養学部2019春学期
Intermediate Seminar 07国際教養学部2019春学期
Research Guidance on Applied Macroeconometrics A(Baak, S)大学院経済学研究科2019春学期
Research Guidance on Applied Macroeconometrics B(Baak, S)大学院経済学研究科2019秋学期
応用マクロ計量経済学研究指導(演習)A(朴相俊)大学院経済学研究科2019春学期
応用マクロ計量経済学研究指導(演習)B(朴相俊)大学院経済学研究科2019秋学期
Applied Macroeconometrics(Baak, S)大学院経済学研究科2019夏クォーター

教育内容・方法の工夫

Introduction to Macroeconomics

2012年04月-

Advanced Seminar: Japanese and East Asian Economies

2006年10月-

Intermediate Seminar: Japanese Economy

2014年04月-

韓国経済

2008年-

Monetary and Financial Economics

2006年-

Advanced Macroeconomics

2002年-2005年

Qauntitative Analysis

2001年-2004年

Statistics

2000年-2004年

Development Economics

2000年-2009年

Econometrics

2000年04月-2011年07月