Research Of Impact On The Exchange Rate Pass-through To Sino-US Electronics Industry Export Price

With China's exchange rate reform in 2005,China's RMB exchange rate against the U.S.dollar continued to appreciate,but China exports and imports with the United States is continuing to grow as well as the trade surplus,which is contrary to general theory of international economics obviously.In view of this phenomenon,scholars and policy makers both at home and abroad have paid close attention to this phenomenon and given some explanations.This paper selects the largest proportion of electronic products in the manufacturing trade between China and the United States as the research object.We will analyze the relationship between the exchange rate and the price of electronic products,then we also find other relative influence factors of price.On the theoretical aspect,this paper analyzes the related factors of cost,demand and market share in the electronic products trade between China and the United states based on a large number study about theory of exchange rate pass-through,so that this theory can be used from the manufacturing industry to the electronics industry.On the empirical aspect,this paper selects eight kinds of annual data of electronic product price,exchange rate,producer price index and market share from 2006 to 2015,then we estimate the exchange rate pass-through degree and impact of cost and demand on price in the electronic industry by constructing Laspeyres price index and panel regression model.At the same time,it is found that the market share of electronic products does not directly affect the price,but indirectly influences the price of electronic products by the way of exchange rate pass-through in the Sino US trade.