| As a core economic variable, exchange rate links and adjusts various macro-economic factors. It affects the internal and external equilibrium of a country's economy. Exchange rate is influenced by a number of factors. This paper, tries to seek new factor—the core international competitiveness.Firstly, this article briefly reviews the relevant research literature. Secondly, it studies the relationship between core international competitiveness and exchange rate of developed countries. In the empirical analysis phase, selecting seven developed economies as samples, use relevant analysis and granger causality tests to study the relationship; then establish the panel data model of influencing factors and do analysis; draw a final conclusion: the core international competitiveness and exchange rate have great relevance. The impact on exchange rate from big to small is labor productivity, market capitalization, high-tech export rate, GDP growth rate.Then using the results and methods of open economy, we study the relationship between core international competitiveness and RMB exchange rate. Finally draw a conclusion: the influence of enterprise management and technology to the RMB exchange rate is significant.Finally, according to the two parts of conclusions, we propose: Because of our international competitiveness of enterprise management and science-technology lagging behind the advanced world level, in the short term, the RMB exchange rate should not be much appreciated. From the long run, in order to realize the globalization of RMB, we propose the Chinese international competitiveness management strategy. |
