The Effect of Changes in Real Exchange Rates on Employment: Evidence from Manufacturing Industries in China, 1980-2002

被引：2
|
作者：
Fan, Yanhui [1 ]
Song, Wang [2 ]
机构：
[1] Beijing Normal Univ, Sch Econ & Business Adm, Beijing 100875, Peoples R China
[2] Peking Univ, China Ctr Econ Res, Beijing 100871, Peoples R China
来源：
FRONTIERS OF ECONOMICS IN CHINA | 2006年 / 1卷 / 01期
关键词：
real effective exchange rate; employment; real wage;
D O I：
10.1007/s11459-005-0013-y
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper analyzes the effect of changes in real exchange rate on manufacturing employment. Our theoretical model predicts the positive effect of depreciation of real exchange rate on employment through a firm's expectation on changes in real exchange rate and the interaction between real exchange rate and a firm's import and domestic input. Using China's manufacturing data during the 1980-2003 period, we find that depreciation of real exchange rate promotes employment growth in manufacturing industries, while change in real exchange rate is not a significant factor in promoting wage growth. We also find that an increase in export share offsets partially the effects of real exchange rate on employment and real wages.
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页码：126 / 139
页数：14
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