Title :
The effect of RMB nominal exchange rate on the composition of China´s export to America: An empirical study based on the SITC
Author :
Zhang, Genneng ; Hu, Wenxiu ; Diao, Wujun
Author_Institution :
Fac. of Econ. & Manage., Xi´´an Univ. of Technol., Xi´´an, China
Abstract :
Based on the Standard International Trade Classification, the paper classifies the Chinese export to the United States into nine categories and deals with the effect of RMB nominal exchange rate and U.S. real income on Chinese export to U.S.A. As a conclusion, all types of these nine products are significantly influenced by the U.S. income, and differences in elasticity to nominal exchange rate exist. Moreover, the responses of all exports to nominal exchange rate are not fully consistent with theoretical projection, the causes for which are examined.
Keywords :
exchange rates; international trade; America; China export composition; RMB nominal exchange rate elasticity; SITC; U.S. real income; United States; standard international trade classification; Elasticity; Exchange rates; Indexes; Mathematical model; Testing; USA Councils; Co-integration analysis; Composition of Export; RMB Nominal Exchange Rate; Variance Decomposition;
Conference_Titel :
Business Management and Electronic Information (BMEI), 2011 International Conference on
Conference_Location :
Guangzhou
Print_ISBN :
978-1-61284-108-3
DOI :
10.1109/ICBMEI.2011.5917966
