Arbeitspapier
Exchange rate sensitivity of China's bilateral trade flows
Traditional assessments of the impact of exchange rate depreciation or appreciation on trade have involved estimating the elasticity of trade volume to relative prices.Such studies relied heavily on aggregated trade data.More recent studies employ bilateral trade data and methodologies such as ECM and gravity models.This study uses a generalized gravity model with data panel analysis in assessing the impact of currency depreciation or appreciation on bilateral trade flows between China and its top trading partners. The empirical evidence suggests exchange rates (both real and nominal) do not exert a significant influence on the overall exports from China.Thus, a devaluation or revaluation of the yuan should be expected to have only limited impact on China's trade balance.Moreover, previous studies provide limited evidence of a negative relation between exchange rate volatility and trade flows. Given the current revaluation expectations, we find China's anticipated shift toward a more flexible exchange rate regime fails to address China's trade surplus issues, and thus will merely lead to a revaluation of the nominal exchange rate and increased exchange rate volatility.It appears a major overhaul of the country's heavily subsidized export regime must first occur for the exchange rate to assume a larger role in China's international trade.
- ISBN
-
952-462-846-5
- Sprache
-
Englisch
- Erschienen in
-
Series: BOFIT Discussion Papers ; No. 19/2006
- Klassifikation
-
Wirtschaft
Single Equation Models; Single Variables: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
Single Equation Models; Single Variables: Panel Data Models; Spatio-temporal Models
Empirical Studies of Trade
Foreign Exchange
- Thema
-
Exchange Rate
Trade
China
Competition
Gravity Model
Panel
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Wang, Jiao
Ji, Andy G.
- Ereignis
-
Veröffentlichung
- (wer)
-
Bank of Finland, Institute for Economies in Transition (BOFIT)
- (wo)
-
Helsinki
- (wann)
-
2006
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Wang, Jiao
- Ji, Andy G.
- Bank of Finland, Institute for Economies in Transition (BOFIT)
Entstanden
- 2006
Ähnliche Objekte (12)
Passive smoking may be associated with bleeding of cerebral arteriovenous malformation in non-smoking women: a retrospective analysis
Superballistic wavepacket spreading in double kicked rotors
Mitophagy in gynecological malignancies: roles, advances, and therapeutic potential
Income distribution and labour movement in China after WTO membership: A CGE analysis
Effects of WTO membership on income distribution and labour movement in China: A CGE analysis
Big data analysis of endovascular treatment of intracranial aneurysms: a bibliometric analysis of the top 100 most cited articles
Parasitic myoma after transabdominal hysterectomy for fibroids: a case report
Analysis of three-dimensional slope stability combined with rainfall and earthquake
Nitrogen addition increases sexual reproduction and improves seedling growth in the perennial rhizomatous grass Leymus chinensis
Impact of Different Intermediate Layers on the Morphology and Crystallinity of TiO 2 Grown on Carbon Nanotubes by Atomic Layer Deposition
Regulation of ULK1 by WTAP/IGF2BP3 axis enhances mitophagy and progression in epithelial ovarian cancer
How has Lunar science developed? A bibliometric analysis and systematic review
Passive smoking may be associated with bleeding of cerebral arteriovenous malformation in non-smoking women: a retrospective analysis
Superballistic wavepacket spreading in double kicked rotors
Mitophagy in gynecological malignancies: roles, advances, and therapeutic potential
Income distribution and labour movement in China after WTO membership: A CGE analysis
Effects of WTO membership on income distribution and labour movement in China: A CGE analysis
Big data analysis of endovascular treatment of intracranial aneurysms: a bibliometric analysis of the top 100 most cited articles
Parasitic myoma after transabdominal hysterectomy for fibroids: a case report
Analysis of three-dimensional slope stability combined with rainfall and earthquake
Nitrogen addition increases sexual reproduction and improves seedling growth in the perennial rhizomatous grass Leymus chinensis
Impact of Different Intermediate Layers on the Morphology and Crystallinity of TiO 2 Grown on Carbon Nanotubes by Atomic Layer Deposition
Regulation of ULK1 by WTAP/IGF2BP3 axis enhances mitophagy and progression in epithelial ovarian cancer
How has Lunar science developed? A bibliometric analysis and systematic review
Passive smoking may be associated with bleeding of cerebral arteriovenous malformation in non-smoking women: a retrospective analysis
Superballistic wavepacket spreading in double kicked rotors
Mitophagy in gynecological malignancies: roles, advances, and therapeutic potential
Income distribution and labour movement in China after WTO membership: A CGE analysis
Effects of WTO membership on income distribution and labour movement in China: A CGE analysis
Big data analysis of endovascular treatment of intracranial aneurysms: a bibliometric analysis of the top 100 most cited articles
Parasitic myoma after transabdominal hysterectomy for fibroids: a case report
Analysis of three-dimensional slope stability combined with rainfall and earthquake
Nitrogen addition increases sexual reproduction and improves seedling growth in the perennial rhizomatous grass Leymus chinensis
Impact of Different Intermediate Layers on the Morphology and Crystallinity of TiO 2 Grown on Carbon Nanotubes by Atomic Layer Deposition
Regulation of ULK1 by WTAP/IGF2BP3 axis enhances mitophagy and progression in epithelial ovarian cancer