On Relations Between Intra-Trade Development and Renminbi Exchange Rate Deregulation
This text is on the basis of analyzing conducting concerning, trade characteristic in China and the CAFTAs six countries 18 kind of products in exchange rate and intra-industry trade, and under the process unit root and cointegration test set up VAR model of trade index and of the exchange rate of China and the CAFTA, and makes the real diagnosis analysis to the innovation effect and the dynamic relations of China exchange rate to the intra-industry trade. Through the research of impulse response function to find: First, no matter short-term or long-term, it is not favored for intra-industry trade of most primary products that the exchange rate appreciates. In a short time, the exchange rate appreciates contributes to promoting the intra-industry trade level in the industries of most industrial products, long-term in, and assault the effect to the intra-industry trade of the industrial products split up, a bit favorable, and others is unfavorable.Second, intra-industry trade development is unfavorable in the Industries of long-term interior targets textile, shoes,hats,such labour-intensive products of products after the exchange rate appreciates, but favorable to labour-intensive products such as wood, woodwork, plastics, rubber products, paper and paper products,etc.. Third, short-term or long-term, industry of primary product intra-industry trade quite weak to response that exchange rate strike, the industrial products react relatively a bit stronger.
Exchange rate Intra-industry trade VAR model CAFTA
Wang Zhongzhao
The business school of Guangxi university,Nanning,Guangxi,China,530004
国际会议
2006 International Conference on Management Science and Engineering(2006管理科学与工程国际学术研讨会)
武汉
英文
1055-1063
2006-11-08（万方平台首次上网日期，不代表论文的发表时间）