Whether Cheap Wage or Cheap RMB Affects Chinas Processing Trade More Deeply
Since Chinas reform and opening up,the rapid development of processing trade has made positive contributions to Chinas economic development.Development of processing trade in China is mainly affected by two factors.One is the low wages in enterprises engaging in processing trade,the other is the undervalued RMB exchange rate.This paper aims to reveal the respective effect of the two factors on the export of processing trade in China.This paper takes use of time-series econometric model and the empirical analysis shows that the improvement of wage level can raise Chinas processing trade exports,but the appreciation of the RMB exchange rate will hinder Chinas processing trade exports.At present,raising the minimum wage level of the export processing enterprises and stabilizing the RMB exchange rate are beneficial for Chinas processing trade exports.
China processing trade wages RMB exchange rate
Haohua Yin
Economics and Management School Wuhan University Wuhan,P.R.China
国际会议
重庆
英文
738-741
2010-09-17（万方平台首次上网日期，不代表论文的发表时间）