Exchange Rates and Export Structure

This paper studies whether changes in the exchange rate affect a country’s export structure, using an arguably exogenous sudden appreciation of renminbi on July 21, 2005 as the main source of identification. Employing combined regression discontinuity and difference-in-differences approach, we show...

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書目詳細資料
Main Authors:	HSU, Wen-Tai, LU, Yi, ZHOU, Yingke
格式:	text
語言:	English
出版:	Institutional Knowledge at Singapore Management University 2014
主題:	China export structure currency appreciation regression discontinuity design difference-in-differences estimation China’s exchange-rate reform resource reallocation Asian Studies Economics Finance Industrial Organization International Economics
在線閱讀:	https://ink.library.smu.edu.sg/soe_research/1721 https://ink.library.smu.edu.sg/context/soe_research/article/2720/viewcontent/HsuWKeres_092914_withtables.pdf
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機構:	Singapore Management University
語言:	English

實物特徵
總結:	This paper studies whether changes in the exchange rate affect a country’s export structure, using an arguably exogenous sudden appreciation of renminbi on July 21, 2005 as the main source of identification. Employing combined regression discontinuity and difference-in-differences approach, we show that China’s export structure became more similar to that of the developed countries after the currency appreciation. We also find that the majority of the appreciation effect comes from the inter-firm resource reallocation rather than the inter-region or intra-firm resource reallocation.

Exchange Rates and Export Structure

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