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This paper conducts empirical analysis on exchange rate pass-through to import and export prices in China with monthly data from 1999 to 2008, and finds that exchange rate pass-through is higher to export prices than to import prices. The analysis shows that the difference in the pass-through of exchange rate to import and export prices arises from the difference in industrial margin, international...
To analyze the international competitiveness of trade service in Hong Kong thoroughly, and get the accurate localization in world market, this paper has a comparative analysis on the international competitiveness of trade service among Hong Kong, east Asia and Europe & America and its main economic bodies by utilizing the following indices: International market share, trade competitiveness index...
The variations of Baltic Dry Index (BDI) and Shanghai Stock Exchange Composite Index (SSE Composite Index) over the last three years reflected the historical features of the world economy in financial crisis. In order to test the correlation of BDI and SSE Composite Index, the weekly average data of BDI and SSE Composite Index from 2007 to 2009 are taken as empirical sample data by statistical analyzing...
International crude oil prices volatility has significant effects on global economic activities. On the basis of WTI crude oil futures price of New York Mercantile Exchange (NYMEX) from Apr 1983 to Aug 2008, this paper analyze the multifractal spectrum of crude oil futures prices. The results show that the crude oil prices have multifractal characteristics; international oil futures market has the...
In view of the bad effect on supply chain enterprises from current international financial crisis, the paper has put forward the necessity and urgency of reconstructing enterprises' supply chain, analyzed the enterprises' reconstruction strategy adapting to the current condition for the supply chain, and brought forward some effective measures. Under the financial crisis the supply chain enterprises...
With the yearly increase of export proportion in China's economy, China's economic growth is relying more and more on export. In the current case of weak external demand, Exports plays an important role in the stability of China's future economic development. Through the State Space Model, the paper has tested the variation tendency of how much China's economy rely on export, which turns out that...
This paper, based on the annual data from 1985 to 2007, builds up multi-variables' VAR model among domestic product gross (GDP), processing trade export and processing trade import, and then analyzes the relative variance contribution of each structural impact to GDP by impulse response function(IRF) and variance decomposition. Studies have shown that for a short period, the alteration of China's...
To evaluate the effects of exchange rate on high-tech products export, this paper applied the gravity model to a quantitative study of the impact of the exchange rate on the export of high-tech products in Zhejiang province, considering the nominal exchange rate and the real exchange rate fluctuations respectively. Based on the analysis of the data from 1998 to 2007, the results shows that the exchange...
Trade is growing as a proportion of world GDP and this was obvious during the financial crises during the year of 2008. Governments and international organizations gave a higher priority to improving ports and shipping services. This leads to deregulation, which, together with technological advances, increases the incentives for shipping companies to form alliances and to merge. Another cause of the...
To study the relationship of the international crude oil spot price and U.S. dollar, we carried on root test and cointegration test on the weekly data of international crude oil spot price and U.S. dollar index from 2002 to 2008, and the results show that there exists equilibrium relationship of long-term negative correlation between international crude oil spot price change and the U.S. dollar index;...
This paper firstly summarized and commented on the ldquoevent analysisrdquo that is extensively used in the field of financial application, analyzed the reasonable and scientific applications of ldquoevent analysisrdquo on economic events, which provided the theoretical analysis tools and research ideas for studies on specific trade protection events. Secondly, it analyzed the event of the international...
In order to reveal the stylized facts of world crude oil prices, R/S (Rescaled Range Analysis) method is introduced in this paper. For illustration, WTI (West Texas Intermediate) and Brent daily crude oil prices are used in this paper. The calculated results show that both Hurst exponents (H) are larger than 0.5 and both memory terms are 12 days coincident. The results tell that these two oil prices...
Price stabilization mechanism adopted for agricultural product is important policy for reasonable food supply under free agricultural trade. A generally used quantity supply control scheme associated with free imports of Taiwan broiler industry is considered in this study. It is argued that efficient quantity control will provide floor price support while at the same time free imports will create...
With the accelerating of economic globalization, the effect of foreign factors on Chinese tangerines export is more and more obvious, which is mainly expressed as the fluctuation of Chinese tangerines export price. The article uses SVAR, impulse response analysis and variance decomposition to analyze the interaction between Chinese export price and world import price of tangerines from 1961 to 2007...
Interaction between world import price and Chinese export price can reflect the openness of Chinese market. Firstly, the paper uses multiresolution analysis to analyze price signal and decomposes them into approximations and details, and then eliminates noise in original signal through reconstructing. Finally, the paper analyzes interaction between world import price and Chinese export price of horticulture...
In stock markets, the price is fluctuating around its average value with the time being. One of the volatilities is the variance heteroscedasticity. It is found that auto-regressive conditional heteroscedasticity (ARCH) model provides an alternative approach for the simulation of stock heteroscedasticity. In this paper, the application of ARCH and its modified models is presented for the risk analysis...
Niche is one of the most important conception and theory in ecology. It is a conception that describes a species' occupation of nature resource and relationship with other species. Applying the ecological niche theory into economics, this paper defines international contractor as an organic life body and use enterprise niche to describe the contractors' position in the international market, their...
Summary. In the present paper a tractable two-sector neo-classical growth model with heterogeneous agents is considered. The local dynamic properties of the equilibrium path are analyzed in relation with the underlying characteristics of the economy. In particular, the existence of fluctuations is related to the degree of heterogeneity in labor and in capital endowments. When applied to international...
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