Artikel
Quality response to real exchange rate shocks: A panel SVAR analysis on China's agricultural exports
This article applies a panel structural VAR model using complete data of China's monthly agricultural exports to uncover both the dynamics and interproduct and intermarket differences in the responses of product quality to real exchange rate (RER) shocks. It finds that RER appreciation promotes the quality of China's agricultural exports on average compared to discouraging exports, but the effect is fully shown in the short run. The average response peaks in the month immediately after the shock and the average cumulative response converges to a constant level in three months. The quality response to RER shocks substantially differs across both products and markets. More sensitive responses of quality upgrading are found among exports that are less competitive, relatively primary, more reliant on ordinary trade, and exported with nearby and less developed partners. Therefore, greater supports on R&D activities and the adoption of advanced technologies might be needed among other exports.
- Language
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Englisch
- Bibliographic citation
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Journal: Agricultural Economics ; ISSN: 1574-0862 ; Volume: 52 ; Year: 2021 ; Issue: 5 ; Pages: 719-731
- Classification
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Wirtschaft
- Subject
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agricultural export quality
panel SVAR
real exchange rate
- Event
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Geistige Schöpfung
- (who)
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Mao, Rui
Xing, Mengying
Yu, Xiaohua
- Event
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Veröffentlichung
- (who)
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Wiley
- (where)
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Hoboken, NJ
- (when)
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2021
- DOI
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doi:10.1111/agec.12650
- Handle
- Last update
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10.03.2025, 11:42 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Mao, Rui
- Xing, Mengying
- Yu, Xiaohua
- Wiley
Time of origin
- 2021