The Dynamic Effects of the Foreign Economic Shocks on the Korean Port Industry

Figure 3

Impulse response function (IRF) of the seaborne freight volume. (a) Foreign real economic shocks. (b) Foreign inflation shocks. (c) Foreign liquidity shocks. (d) Foreign rates shock. (e) Domestic GDP shocks. (f) Import-export trade volume shocks. Note: the blue line represents the 90% confidence interval. The unit of the vertical line is % (percent).

(a)

(b)

(c)

(d)

(e)

(f)