An Empirical Analysis of the Effect of RMB Real Effective Exchange Rate Fluctuations on Imports and Exports of Export-oriented Enterprises:A Comparison Based on Industry Level
According to the International Standard Industrial Classification, this paper uses the sample of annual data of 65 different export industries and 65 import industries during1992~2013 in China, and applies ARDL model and EMC model of co-integration analysis to investigate the influence of real effective exchange rate on the import and export of different industries. The results show that, facing the volatility of RMB exchange rate, values of export and import of different industries have various effects and...