무역과 ESG가 상호 미친 영향에 관한 연구

When infused with ESG principles, Trade transforms into a force for positive change, driving economies while safeguarding our planet's future. Trade and ESG form a powerful alliance, where economic growth is nurtured in the embrace of environmental stewardship, social responsibility, and ethical governance. So this article examine on the mutual influence between ESG index and trade index in South Korea. For this purpose, we employ the vector-autoregression of ESG index and trade index in Korea, impulse response function and variance decomposition of ESG index and trade index in South Korea, Granger causality test of ESG index and trade index in South Korea using weekly data on the amount of ESG index and trade index in South Korea. The sample period of ESG index and trade index in South Korea is covering from January 7, 2012 to Jun 10, 2023. This paper showed following main results. First, ESG index and trade index in South Korea have unit roots. Second, the first differential data of ESG index and trade index in South Korea have no unit roots. Third, there is no at least one cointegration between the level data of ESG index and trade index in South Korea and there is at least one cointegration between the first differential data of ESG index and trade index in South Korea. Fourth, ESG index and trade index in South Korea is –0.41573. In addition, we find that ESG index granger cause the trade index and the trade index granger cause the ESG index in South Korea.