The Infona portal uses cookies, i.e. strings of text saved by a browser on the user's device. The portal can access those files and use them to remember the user's data, such as their chosen settings (screen view, interface language, etc.), or their login data. By using the Infona portal the user accepts automatic saving and using this information for portal operation purposes. More information on the subject can be found in the Privacy Policy and Terms of Service. By closing this window the user confirms that they have read the information on cookie usage, and they accept the privacy policy and the way cookies are used by the portal. You can change the cookie settings in your browser.
Adopting the econometric methodology of unit root test and co-integration analysis, this paper makes an empirical analysis on the relationship of real exchange rate of RMB and Chinese inbound tourism from America. It finds that there exists a long-run co-integration relationship among Real exchange rate of RMB, American economy and Chinese inbound tourism from America. The elasticity coefficient of...
This paper studies the impact of RMB nominal exchange rate on Sino-US trade balance. We find that there is a co-integration relationship among Sino-US trade balance, RMB nominal exchange rate, American real income and Chinese real income, and Sino-US trade balance is more sensitive to RMB nominal exchange rate, 1% devaluation in RMB will cause an increase of 5.71% in Sino-US trade balance. We also...
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,...
Using monthly data since 1994 when RMB exchange rate was unified, and adopting the Econometric methodology of Johansen-Juselius's co-integration analysis, this paper makes a contrastive analysis on the effect of yuan-dollar bilateral RER to Sino-American export during two different exchange rate regime periods, i.e. 1994.1–2005.6 and 2005.7–2009.12. The paper finds that there is a long-term co-integration...
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...
Set the date range to filter the displayed results. You can set a starting date, ending date or both. You can enter the dates manually or choose them from the calendar.