An empirical study of the foreign trade balance in China

被引:9
|
作者
Wei, WX [1 ]
机构
[1] China Univ Min & Technol, Coll Business Adm, Xuzhou, Peoples R China
关键词
D O I
暂无
中图分类号
F [经济];
学科分类号
02 ;
摘要
The objective of this letter is to investigate the dynamic relationship between China's trade balance (T) and macroeconomic variables: domestic and foreign output (Y and Y*), real exchange rate (E), domestic and foreign money supply (M and M*). The ADF unit root results show that the variables are all integrated of order I(1). The trade balance in China is not cointegrated with a number of variables, including the exchange rate. Absorption, elasticity, and monetary models are compared, and the elastic model performs better. There has been J-curve in China, and the devaluations have had significant effect on the trade balance.
引用
收藏
页码:485 / 490
页数:6
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