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Empirical Analysis Of Real Effective Exchange Rate Of RMB And China's Export Merchandise Structure

Posted on:2009-01-31Degree:MasterType:Thesis
Country:ChinaCandidate:W H MaoFull Text:PDF
GTID:2120360245465887Subject:Industrial Economics
Abstract/Summary:PDF Full Text Request
Exchange rate is the most important comprehensive price index used in international economy transaction and executes the function of transforming price .It becomes the most important lever to regulate trade balance .Exchange rate' changes deeply influence trade balance and domestic economic. After the implementation of reform and opening policy, the fluctuation of RMB exchange rate has promoted Chinese export trade and improved Chinese trade balance.This text mainly studies on the relationship of the alteration of exchange rate with export merchandise structure. And it makes key researches on analyzing influence of exchange rate alteration in long-term to export merchandise structure. Based on the theory of exchange rate trade effects,and employing Co-integration Theory, combining Chinese empirical survey to illustrate the influence of the real exchange rate fluctuation of RMB on the export merchandise structure of China. Empirical studies showed that: most of China's export commodities categories (based on "international trade standards" of 0-9) and the real effective exchange rate of the RMB are long-term Co-integration, movements to a certain extension of the RMB real effective exchange rate, can explain changes of export commodities. Finally, I will entirely evaluate the impact of RMB exchange rate's changes on export trade. In a trend of the RMB exchange rate appreciation, optimizing the trade structure and promoting upgrading of the trade structure are special significance to foreign trade of China's future stability and sustainable development...
Keywords/Search Tags:Real effective exchange rate, Export commodity structure, Co integration analysis
PDF Full Text Request
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