Exchange Rates and Export Structure

• Main Authors: HSU, Wen-Tai, LU, Yi, ZHOU, Yingke
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2014
• Subjects: 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
• Online Access: 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
• Institution: Singapore Management University

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...