抄録
This paper examines the impacts of the real exchange rates between the renminbi and the US dollar on the trade between the two countries. Because various tests with the quarterly data from 1986Q1 to 2006Q2 imply a structural break around 1994Q1, the export equations are estimated using the quarterly data from 1995Q1 to 2006Q2. According to the estimation of cointegrating vectors, 1% depreciation of the renminbi raises the Chinese exports to the US by 1.7%, while 1% depreciation of the US dollar raises the US exports to China by around 0.4%.
| 元の言語 | English |
|---|---|
| ページ（範囲） | 117-127 |
| ページ数 | 11 |
| ジャーナル | China Economic Review |
| 巻 | 19 |
| 発行部数 | 2 |
| DOI | |
| 出版物ステータス | Published - 2008 6 |
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ASJC Scopus subject areas
- Economics and Econometrics
- Finance
これを引用
The bilateral real exchange rates and trade between China and the U.S. / Baak, Saang Joon.
：: China Economic Review, 巻 19, 番号 2, 06.2008, p. 117-127.研究成果: Article
}
TY - JOUR
T1 - The bilateral real exchange rates and trade between China and the U.S.
AU - Baak, Saang Joon
PY - 2008/6
Y1 - 2008/6
N2 - This paper examines the impacts of the real exchange rates between the renminbi and the US dollar on the trade between the two countries. Because various tests with the quarterly data from 1986Q1 to 2006Q2 imply a structural break around 1994Q1, the export equations are estimated using the quarterly data from 1995Q1 to 2006Q2. According to the estimation of cointegrating vectors, 1% depreciation of the renminbi raises the Chinese exports to the US by 1.7%, while 1% depreciation of the US dollar raises the US exports to China by around 0.4%.
AB - This paper examines the impacts of the real exchange rates between the renminbi and the US dollar on the trade between the two countries. Because various tests with the quarterly data from 1986Q1 to 2006Q2 imply a structural break around 1994Q1, the export equations are estimated using the quarterly data from 1995Q1 to 2006Q2. According to the estimation of cointegrating vectors, 1% depreciation of the renminbi raises the Chinese exports to the US by 1.7%, while 1% depreciation of the US dollar raises the US exports to China by around 0.4%.
KW - Chinese renminbi
KW - Cointegration
KW - Stability test
KW - Structural break
KW - Trade between China and the US
UR - http://www.scopus.com/inward/record.url?scp=42649106154&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=42649106154&partnerID=8YFLogxK
U2 - 10.1016/j.chieco.2008.02.003
DO - 10.1016/j.chieco.2008.02.003
M3 - Article
AN - SCOPUS:42649106154
VL - 19
SP - 117
EP - 127
JO - China Economic Review
JF - China Economic Review
SN - 1043-951X
IS - 2
ER -