Research on Exchange Rate Sensitivity of Exports Based on State Space Model
The paper researched the exchange rate sensitivity of exports based on the ARDL-ECM and state space model.The long-run relationship was obtained by using bounds test,and the dynamic relationship was obtained by estimating state space model.The empirical results show the following conclusions: 1) The exchange rate sensitivity of exports is variational in a long-run period.2) The reform of exchange rate in 2005 increased the effects of exchange rate on exports and the financial crisis in 2008 decreased the effects.3) The currency appreciation improves the exports volume,and exports are not sensitive to the exchange rate volatility.
exchange rate sensitivity state space model ARDL-ECM
Yonggang Xue Mingli Zhang
Department of Medical Information Engineering GuangDong Pharmaceutical College Guangzhou,China Department of Medical Business GuangDong Pharmaceutical College Guangzhou,China,510006
国际会议
太原
英文
233-236
2011-02-26（万方平台首次上网日期，不代表论文的发表时间）