RMBs Real Ezchange Rate and Balassa-Samuelson Hypothesis: Analysis Based on the Data from 1994 to 2006

摘要：

This paper calculates the real exchange rate of RMB during 1994-2006 and examines whether there exist Balassa-Samuelson effect in China. The result shows that though there is no distinguished BSH effect in China, the performance of BSH varies during different period. The BSH holds when China adopt managed floating regime but disappears when China adopt fixed exchange rate regime. The analysis finds that the reason why BSH does not hold lies in the fact that the PPP does not hold in China and the nominal exchange rate of RMB is undervalued, whether the BSH hold in China is depended mainly on Chinas foreign exchange rate policy.

关键词： real ezchange rate Balassa-Samuelson hypothesis price of non-traded relative to traded

作者: Yanli Li

作者单位: Economics and Management School, Wuhan University, Wuhan, 430072, China

会议类型: 国际会议

会议名称: 第八届武汉电子商务国际会议(The Eighth Wuhan International Conference on E-Business)

会议地点: 武汉

会议语种:英文

页码: 1342-1348

在线出版日期: 2009-05-30（万方平台首次上网日期，不代表论文的发表时间）