Title: Research on the Appreciation of RMB and the Decrease of Export Growth Rate in Our Country
Abstract:Since the appreciation of RMB,the growth rate of Chinese exports to the US has decreased.But in the bi- variable model,the monthly statistical data collected from August 2005 to February 2008 doesn't ...Since the appreciation of RMB,the growth rate of Chinese exports to the US has decreased.But in the bi- variable model,the monthly statistical data collected from August 2005 to February 2008 doesn't support a long-term and stable co-integration relation between RMB to the dollar exchange rate and export volume from China to the US. Basing on the analysis of the multi-variable model,we can obtain the following conclusions.In the long term,the rising rate of Chinese CPI primly contributes to a sharp decline in export growth.The decline of consumption which is caused by the outbreak of the secondary mortgage market crisis in the US followed.And the third reason is the acceleration of the pace of the appreciation of RMB.In the short term,CPI is still the most important element affecting the export gro- wth,but the acceleration of the pace of the appreciation of RMB contributes more than the decline in consumption of the US.Read More
Publication Year: 2008
Publication Date: 2008-01-01
Language: en
Type: article
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