Title :
The influence of RMB real exchange rate on Chinese import from America
Author :
Hu, Wenxiu ; Wu, Tingting ; Zhang, Genneng
Author_Institution :
Fac. of Econ. & Manage., Xi´´an Univ. of Technol., Xi´´an, China
Abstract :
Using the monthly time series data, adopting the methods of econometrics such as Johansen-Juselius co-integration analysis and Granger causality test, the paper studies the effect of RMB real exchange rate on Chinese import from America. The empirical results show that there is no a co-integration relationship among Chinese import from America, RMB real exchange rate and Chinese actual income. However, there is a two-way Granger causality between RMB real exchange rate and Chinese import from America, also between Chinese real income and Chinese import from America.
Keywords :
econometrics; exchange rates; international trade; statistical testing; America; Chinese actual income; Chinese import; Granger causality test; Johansen-Juselius cointegration analysis; RMB real exchange rate; econometrics; two-way Granger causality; Elasticity; Exchange rates; Indexes; Inspection; Production; Testing; Chinese import from America; RMB real exchange rate; co-integration analysis;
Conference_Titel :
Artificial Intelligence, Management Science and Electronic Commerce (AIMSEC), 2011 2nd International Conference on
Conference_Location :
Deng Leng
Print_ISBN :
978-1-4577-0535-9
DOI :
10.1109/AIMSEC.2011.6010598
