摘要
Based on time series data of RMB exchange rate and urban-rural income, this paper makes an empirical study for the influence of RMB exchange rate fluctuation on urban-rural income by utilizing rolling regression model through direct and indirect transmission mechanisms. According to the results, the transmission effect of RMB exchange rate fluctuation on urban-rural income has features of incompleteness and asymmetry. Moreover, RMB appreciation will help to reduce the urban-rural income gap. Therefore, this paper suggests that the Chinese economy should accelerate the course of transforming mode, adjusting structure and promoting development under the new normal. Meanwhile, reform of RMB exchange rate mechanism should be promoted, living standard of residents must be improved, and the urban-rural income gap should be reduced.
Based on time series data of RMB exchange rate and urban-rural income, this paper makes an empirical study for the influence of RMB exchange rate fluctuation on urban-rural income by utilizing rolling regression model through direct and indirect transmission mechanisms. According to the results, the transmission effect of RMB exchange rate fluctuation on urban-rural income has features of incompleteness and asymmetry. Moreover, RMB appreciation will help to reduce the urban-rural income gap. Therefore, this paper suggests that the Chinese economy should accelerate the course of transforming mode, adjusting structure and promoting development under the new normal. Meanwhile, reform of RMB exchange rate mechanism should be promoted, living standard of residents must be improved, and the urban-rural income gap should be reduced.
