Correlation Analysis Of RMB Real Exchange Rate And Foreign Trade Structure

This article chooses three kind of types (export commodities structure, trade way structure, visible trade and invisible trade structure), in the foreign trade structure, inspects between 1980-2005 year period RMB actual exchange rate and the foreign trade structure bidirectional relations.First , according to the price theory of elasticity and the resources disposition theory: The RMB actual exchange rate change mainly the export commodity through the nominal exchange rate and the inflation two way influence the demand and the supplies and element of production resources redeploying. RMB actual exchange rate change to the structure of export commodities the influence is because the labor-intensive form export product and the capital intensity export product has the different exchange rate elasticity; To processes the trade industry the influence is because the RMB actual exchange rate change influence domestic resources talent and has the technical international capital turnover. To the service trade influence mainly is because the resources in may the trade department and may not redeploying between trade department's.Second, according to the characteristics of China's economic development, amends the Balassa-Samuelson hypothesis (BSH).Balassa-Samuelson hypothesis: the rapid development of the economies of currency appreciation, China may be the first depreciation of the real exchange rate appreciation has gone through the process of this paradox. Since the beginning of reform and opening up, this is the explanation, although the economy has been rapidly developing, The average annual GDP growth of around 9%, significantly higher than the United States and other developed countries. China's rapid economic development may lay the foundation of this program is in economic transition after the expansion of the export trade; not a prerequisite for the establishment of BSH : "The state must be market economies, changes in labor wages must reflect changes in labor productivity. " Based on China's actual conditions in two of the BSH expansion, one hand knowledge of developments in the non-traded service sector labor productivity, decreased the labor productivity gap between the trade sector and the non-trade sector, which restricts the RMB real exchange rate appreciation; other primary products relative to the export of labor-intensive manufactures structural changes. During this period, the plan is to use...