Exchange value of the renminbi and China's balance of trade : a re-examination.
This paper examines the dynamic relationships amongst the real exchange value, balance of trade and domestic price of China. Granger modified causality tests for coinegrated variables are used to examine the causality amongst the variables. Results show presence of only unidirectional causality from...
| Main Authors: | , |
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| Other Authors: | |
| Format: | Final Year Project (FYP) |
| Published: |
2008
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/11196 |
| _version_ | 1811678294489169920 |
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| author | Soh, Cheow Tuan. Lim, Wayne Sze Meng. |
| author2 | Wang, Ruifang |
| author_facet | Wang, Ruifang Soh, Cheow Tuan. Lim, Wayne Sze Meng. |
| author_sort | Soh, Cheow Tuan. |
| collection | NTU |
| description | This paper examines the dynamic relationships amongst the real exchange value, balance of trade and domestic price of China. Granger modified causality tests for coinegrated variables are used to examine the causality amongst the variables. Results show presence of only unidirectional causality from trade balance to real exchange rate and domestic price, suggesting that the external sector has no influence on her real exchange rate and that devaluation will improve her trade balance. They also show that the price adjustment process in the Chinese economy is slow. |
| first_indexed | 2024-10-01T02:50:59Z |
| format | Final Year Project (FYP) |
| id | ntu-10356/11196 |
| institution | Nanyang Technological University |
| last_indexed | 2024-10-01T02:50:59Z |
| publishDate | 2008 |
| record_format | dspace |
| spelling | ntu-10356/111962023-05-19T06:24:08Z Exchange value of the renminbi and China's balance of trade : a re-examination. Soh, Cheow Tuan. Lim, Wayne Sze Meng. Wang, Ruifang Nanyang Business School DRNTU::Business::Finance::Foreign exchange This paper examines the dynamic relationships amongst the real exchange value, balance of trade and domestic price of China. Granger modified causality tests for coinegrated variables are used to examine the causality amongst the variables. Results show presence of only unidirectional causality from trade balance to real exchange rate and domestic price, suggesting that the external sector has no influence on her real exchange rate and that devaluation will improve her trade balance. They also show that the price adjustment process in the Chinese economy is slow. 2008-09-24T07:52:16Z 2008-09-24T07:52:16Z 2000 2000 Final Year Project (FYP) http://hdl.handle.net/10356/11196 Nanyang Technological University application/pdf |
| spellingShingle | DRNTU::Business::Finance::Foreign exchange Soh, Cheow Tuan. Lim, Wayne Sze Meng. Exchange value of the renminbi and China's balance of trade : a re-examination. |
| title | Exchange value of the renminbi and China's balance of trade : a re-examination. |
| title_full | Exchange value of the renminbi and China's balance of trade : a re-examination. |
| title_fullStr | Exchange value of the renminbi and China's balance of trade : a re-examination. |
| title_full_unstemmed | Exchange value of the renminbi and China's balance of trade : a re-examination. |
| title_short | Exchange value of the renminbi and China's balance of trade : a re-examination. |
| title_sort | exchange value of the renminbi and china s balance of trade a re examination |
| topic | DRNTU::Business::Finance::Foreign exchange |
| url | http://hdl.handle.net/10356/11196 |
| work_keys_str_mv | AT sohcheowtuan exchangevalueoftherenminbiandchinasbalanceoftradeareexamination AT limwayneszemeng exchangevalueoftherenminbiandchinasbalanceoftradeareexamination |