Title: Empirical Research on the Relationship among Trade Competitiveness,FDI and Real Exchange Rate in China
Abstract: In order to study the relationship among trade competitiveness,FDI and exchange rate after the reform of CNY's exchange rate forming mechanism in 2005,this paper imposed an empirical research based on the monthly data from July 2005 to June 2008 of the trade competitiveness index,FDI flow and real exchange rate in China,and found there's a cointegration relationship among them,however,only trade competitiveness is the Granger cause of real exchange rate,and real exchange rate is the Granger cause of FDI,which showed the foreign investment promotion policies and exchange rate forming mechanism couldn't raise the trade competitiveness in China effectively.Therefore,the paper gave some advice based on the empirical result in the end.
Publication Year: 2009
Publication Date: 2009-01-01
Language: en
Type: article
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