检索结果-南通市图书馆

Capital flows, economic growth and the real effective exchange rate: Evidence from China

Economic and Political Studies 2023年第1期11卷 123-147页

作者： Xin Tian Jakob de Haan Yanping Zhao Faculty of Economics and Business University of GroningenGroningenthe Netherlands CESifo MunichGermany School of Economics Ocean University of ChinaQingdaoChina Institute of Marine Economy Ocean University of ChinaQingdaoChina

This paper examines the Granger causal relationship between capital flows and economic growth in China over the period 1998Q1–2019Q2,allowing for real effective exchange rate(REER)effects.As parameter instability tests indicate structural changes,we use bootstrap rolling window causality tests,which suggest that the causal nexus between capital flows and GDP growth is time-varying.We find that the causal links between foreign direct investments(FDIs)and GDP growth are hardly affected by the REER,whereas the REER plays a more important role in affecting the causal connections between portfolio investments and other investments and GDP growth.Our results suggest that cumulative portfolio inflows and cumulative other investment inflows harm GDP growth,whereas cumulative portfolio outflows and cumula-tive other investment outflows positively affect GDP growth.

关键词： Capital flows real effective exchange rate GDP growth rate bootstrap Granger causality test parameter instability test time-varying causality

来源：

维普期刊数据库评论

在线全文

维普期刊数据库

学校读者我要写书评

暂无评论

real effective exchange rate and Regional Economic Growth in China： Evidence from Provincial Data

引用

China & World Economy 2016年第6期24卷 43-63页

作者： Guo Yan Sheng Li Yaqi Lin Jie Li Graduate Student Central University of Finance and Economics China Assistant Professor Central University of Finance and Economics China Financial Analyst China United Network Communications Group Company Limited China Associate Professor Central University of Finance and Economics China

Using data for the period 2000-2011, we construct province-level real effective exchange rate （REER） indices for China and test the effect of REER depreciation on regional economic growth in a generalized method of moments regression framework. Our results show that REER depreciation, in general, promotes regional economic growth, through increasing net exports and lowering FDI costs. After dividing the full sample into coastal and inland subsamples, we find that REER depreciation influences economic growth in inland areas but not in coastal areas. This is due to the fact that the inland areas have more surplus labor or other resources to expand their production capacity when REER depreciation leads to increased worm demand. Furthermore, compared to inland areas, processing-and-assembly trade comprises a larger share of trade in the coastal areas, where traders import more raw materials and intermediate goods to process and assemble goods. When the exchange rate depreciates, the costs of imported materials and immediate goods increase. In this case, the benefits from REER depreciation in coastal areas are offset to some extent and are thus lower than in inland areas.

关键词： China real effective exchange rate regional economic growth

来源：

维普期刊数据库评论

在线全文

维普期刊数据库

学校读者我要写书评

暂无评论

Industry-specific real effective exchange rate for China:2000-2009

引用

China & World Economy 2013年第5期21卷 100-120页

作者： Mi Dai Jianwei Xu Zhinan Zhang School of Economics and Business Administration Beijing Normal University

This paper measures the industry-specific real effective exchange rate （REER） for China by matching domestic and foreign industry-level price and trade data series. We find that after 2005 the REER appreciates more in the ＂chemical, plastics, rubber and fuels industry＂ and the ＂＇machinery and equipment industry,＂ but remains roughly constant or even depreciates in other industries. The nominal exchange rate generally accounts for over 50 percent of the aggregate real effective exchange rate JTuetuations, but this conclusion does not apply to three of nine industries. We apply the industry-specific REER to re-examine the relationship between the exchange rate and trade, and find that the industry-specific REER index performs better than the traditional aggregate REER index. We recommend that the Chinese Government officially adopt industry-specific exchange rates instead of using the aggregate effective exchange rates to evaluate the competitiveness of Chinese industries in the international market.

关键词： China industry real effective exchange rate trade

来源：

维普期刊数据库

同方期刊数据库评论

在线全文

学校读者我要写书评

暂无评论

exchange rate Change, Factor Market Distortion and Company Performance

引用

China Finance and Economic Review 2022年第3期11卷 90-109页

作者： Yaqi Wang Bing Lu Shengjie Hong School of Finance Central University of Finance and Economics School of Statistics Beijing Normal University School of Economics Central University of Finance and Economics

Based on the matched data of China’s tax survey and customs from 2007 to 2011,this paper studies the differential impact of exchange rate changes on the performance of companies by region from the perspective of factor market distortion.The results show that for import companies,the RMB appreciation significantly contributes to improving their performance and this phenomenon is more pronounced in areas with high factor market distortions.Channel tests show that the proportion of intermediate goods imported by final producers increases with regional factor market distortions.Therefore,the appreciation of the national currency is more favorable for areas with high factor market distortions(companies with high proportion of imported intermediate goods).In addition,the appreciation of the national currency will promote the production of China’s upstream intermediate goods producers by expanding the output of downstream enterprises.This paper complements previous studies on the differential impact of RMB exchange rate changes on regional economic growth from a micro perspective.

关键词： real effective exchange rate factor market distortion company performance upstream-downstream relations

来源：

维普期刊数据库评论

在线全文

维普期刊数据库

学校读者我要写书评

暂无评论

全球价值链时代的单位劳动成本竞争力：测度方法、结构分解与经济影响

引用

统计与精算 2023年第1期

作者：杨长江阎晓璇

基于单位劳动成本的实际有效汇率指数被认为是从价格角度衡量国际竞争力的最佳指标，但其测算方法在全球价值链时代亟需改进。本文提出了两种基于产品维度的测算指标，并连同传统指标对2000～2014年40个国家的制造业价格竞争力进行了测... 详细信息

基于单位劳动成本的实际有效汇率指数被认为是从价格角度衡量国际竞争力的最佳指标，但其测算方法在全球价值链时代亟需改进。本文提出了两种基于产品维度的测算指标，并连同传统指标对2000～2014年40个国家的制造业价格竞争力进行了测算。结果显示，价值链因素对于单位劳动成本实际有效汇率测算意义重大，忽略进口以及本国其他行业投入影响的传统测算方法会严重低估中国价格竞争力下降程度。随后，本文提出了新的全球价值链下价格竞争力变动的结构分解方法，将价值链“外包效应”及“巴拉萨—萨缪尔森效应”等引入了单位劳动成本的变动来源分析，具体分析了代表性国家价格竞争力的变动构成。本文最后对所测算的单位劳动成本竞争力数据与进出口贸易的关系进行了实证分析，得出如下结论：全球价值链单位劳动成本实际汇率指数相对其他指标能够更好揭示出价格竞争力指标与出口之间的关系；发达国家劳动力价格指标与出口呈正相关而符合“卡尔多悖论”，产品以非价格竞争力为主要特征，发展中国家情况则相反；从细分行业看，价格竞争力仍然是中国制造业出口的重要因素，未来应当进一步提高劳动生产率以提高国际竞争力。

关键词：单位劳动成本全球价值链实际有效汇率卡尔多悖论　　unit labor cost global value chain real effective exchange rate Kaldor's Paradox

来源：人大复印报刊资料评论

在线全文

人大复印报刊资料

学校读者我要写书评

暂无评论

effective exchange rate and International Trade——Evidence from Zhejiang province

Effective Exchange Rate and International Trade——Evidence ...

引用

2012 National Conference on Information Technology and Computer Science

作者： Li Shen Department of Finance Zhejiang University of Finance & Economics Hangzhou,China Liping Xu Department of Finance Zhejiang University of Finance & Economics Hangzhou,China

In 2005 China began to implement a managed floating exchange rate system on the basis of market supply and demand with reference to a basket of currencies.since 2010,the RMB exchange rate began to appreciate sharply,till now,the pressure of RMB appreciation is still huge,and has great impact on foreign trade.This paper made a empirical reasearch on the impact of effective exchange rate on Zhejiang international trade.We employed the general export model,exports of ordinal trade model,processing export model,results show that the real effective exchange rate of RMB devaluation will not only promote Zhejiang international trade,but also decrease international trade.

关键词： exchange rate Foreign trade real effective exchange rate

来源： cnki会议评论

在线全文

cnki会议

学校读者我要写书评

暂无评论

经济政策不确定性对实际有效汇率的影响

引用

金融与保险 2021年第6期

作者：刘强陶士贵

本文基于21个经济体2003-2019年的季度数据，分析了经济政策不确定性(EPU)对实际有效汇率的影响。结果发现：EPU对实际有效汇率的影响具有非线性特征。与发达经济体相比，新兴经济体的汇率变动不仅受本国EPU影响，更受全球EPU影响。危... 详细信息

本文基于21个经济体2003-2019年的季度数据，分析了经济政策不确定性(EPU)对实际有效汇率的影响。结果发现：EPU对实际有效汇率的影响具有非线性特征。与发达经济体相比，新兴经济体的汇率变动不仅受本国EPU影响，更受全球EPU影响。危机期间，EPU是实际有效汇率变动的主要原因；危机之前和危机之后，EPU对汇率变动的影响下降，利率和净出口等成为汇率变动的主要驱动因素。进一步研究发现，EPU通过调节效应改变宏观经济变量对实际有效汇率的影响。本文的政策含义是，政府部门要加强对全球EPU的测度和监控，维护本国宏观经济的稳定性，增强本国政策的透明性和连续性，避免汇率大幅变动对经济发展的不利冲击。

关键词：经济政策不确定性实际有效汇率面板回归模型　　Economic policy uncertainty real effective exchange rate Panel regression model

来源：人大复印报刊资料评论

在线全文

人大复印报刊资料

学校读者我要写书评

暂无评论

欢迎您,

建议与咨询留下您的常用邮箱和电话号码，以便我们向您反馈解决方案和替代方法

时间限定

文献类型

馆藏选择

核心期刊

语言

文献类型

帮助

文字说明：

检索规则说明：

检索范例：

分类表

所选分类

限定检索结果

文献类型

馆藏范围

日期分布

学科分类号

主题

机构

作者

语言

在线全文

在线全文

在线全文

在线全文

在线全文

在线全文

在线全文

请选择保存的检索档案：

请选择收藏分类：

通借通还

欢迎您,

建议与咨询 留下您的常用邮箱和电话号码，以便我们向您反馈解决方案和替代方法

时间限定

文献类型

馆藏选择

核心期刊

语言

文献类型

帮助

文字说明：

检索规则说明：

检索范例：

分类表

所选分类

限定检索结果

文献类型

馆藏范围

日期分布

学科分类号

主题

机构

作者

语言

在线全文

在线全文

在线全文

在线全文

在线全文

在线全文

在线全文

请选择保存的检索档案： 新增检索档案 确定 取消

请选择收藏分类： 新增自定义分类 确定 取消

通借通还

建议与咨询留下您的常用邮箱和电话号码，以便我们向您反馈解决方案和替代方法

请选择保存的检索档案：

请选择收藏分类：