کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5047307 1476262 2016 17 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
The impact of exchange rate movements on multi-product firms' export performance: Evidence from China
ترجمه فارسی عنوان
تاثیر تغییرات نرخ ارز بر عملکرد صادرات بنگاه های چند محصول: شواهد از چین
کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
چکیده انگلیسی


- We investigate the effects of RMB exchange rate movements on Chinese multi-product firms' export behavior.
- Real appreciation of RMB exerts negative effects on Chinese multi-product firms' export prices and export quantities.
- Real appreciation of RMB narrows multi-product firms' export scope and induces firms to skew their export sales towards the best performing products.
- Real appreciation of RMB lengthens the export duration of core products but shortens the export duration of non-core products.

This paper investigates the effects of RMB exchange rate movements on Chinese multi-product firms' export behavior using China's firm-level micro data and highly disaggregated customs data over 2000-2007. We find that real appreciation of RMB exerts negative effects on Chinese multi-product firms' export prices and export quantities, and the effects are significantly different across firms with different productivity as well as the product ladder within multi-product firms. In addition, we document that real appreciation of RMB narrows multi-product firms' export scope and induces firms to skew their export sales towards the best performing products. Finally, the paper explores the effects of RMB exchange rate movements on firms' export duration, and shows that real appreciation of RMB lengthens the export duration of core products but shortens the export duration of non-core products.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: China Economic Review - Volume 39, July 2016, Pages 46-62
نویسندگان
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