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- 西村 友作
- 対外経済貿易大学
Bibliographic Information
- Other Title
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- 為替制度改革下における人民元ボラティリティと中国の対外輸出
- カワセ セイド カイカク カ ニ オケル ジンミン モト ボラティリティ ト チュウゴク ノ タイガイ ユシュツ
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Description
This paper is an empirical investigation of the effect of RMB volatility on China’s export with a special emphasis on the impacts of the reform of the RMB exchange rate regime implemented on July 21, 2005. We estimated two types of volatility measures (one based on the ARCH model and the other the usual standard deviation) utilizing monthly real effective exchange rate data from January 2002 through December 2011 and examined both short-run and long-run effects of this volatility on each specific export sector with an ARDL approach. The results indicate that China’s exports are not affected by the RMB exchange rate volatility. On the other hand, the level of the exchange rate has a significant impact on Chinese exports (especially on industrial products export) during the reform period.
Journal
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- Journal of Chinese Economic Studies
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Journal of Chinese Economic Studies 10 (2), 1-20, 2013
Japanese Association for Chinese Economy and Management Studies
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Details 詳細情報について
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- CRID
- 1390291767512495744
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- NII Article ID
- 40019836487
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- NII Book ID
- AA11857453
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- ISSN
- 2436147X
- 24366803
- 13482521
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- NDL BIB ID
- 024947332
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- Text Lang
- ja
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- Data Source
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- JaLC
- NDL
- CiNii Articles
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- Abstract License Flag
- Allowed