Title: Research on Nonlinear Influence of Exchange Rate Fluctuation on Export Trade Based on Transnational Panel Data
Abstract: On the basis of the export supply model, this article examines the impact of exchange rate fluctuation on China's export trade by the use of panel data of 147 countries during 2000-2011. The results show the influence of the fluctuation risk of the RMB exchange rate on export varies distinctly between developed countries and developing countries as well as before and after China's exchange rate reform. This article then constructs a non-linear panel data model based on the threshold regression method to investigate the nonlinear influence of exchange rate fluctuation on export trade. The findings suggest that export decreases while RMB appreciates to a certain extent, while export increases while RMB depreciates or appreciates fractionally.
Publication Year: 2014
Publication Date: 2014-01-01
Language: en
Type: article
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