当地价格粘性及人民币升值效果的国际比较——以中国和“东盟+2”为例被引量：3

International Comparison of the Local-currency-pricing-stability and the Effects of RMB Appreciation——A case of ASEAN+2 and China

下载PDF

导出

摘要利用截面数据,通过对相关模型的回归分析后发现,人民币汇率变化对中国和“东盟+2”出口厂商定价行为的影响随行业和出口目的国的不同而各异。由于“东盟+2”各国与中国的进出口产品同时存在互补性和替代性,厂商的价格歧视在一些互补型贸易品间没有显著的体现,而在一些替代型贸易品间则表现突出。由此可以预见,由人民币升值传导的价格波动效应,在“东盟+2”各国及中国之间将有不同的反应。 This paper measures the degree of price discrimination across destinations that is associated with the RMB exchange rate changes using China and ASEAN ＋ 2 industry level data. Given the sample selected, local currency stability has been observed both in ASEAN ＋ 2 and China. Due to the supplementary and complementary features of exports and imports in the region, the PTM shows completely different characters. Consequently, the price volatility transmitted from appreciation of RMB exchange rates will be featured differently among the member countries.

作者冯小兵

机构地区香港金融管理学院

出处《华东师范大学学报（哲学社会科学版）》 CSSCI 北大核心 2006年第6期72-77,共6页 Journal of East China Normal University（Humanities and Social Sciences）

基金本文获得2004年上海社科院上海市社科研究财政资助(20050507)。

关键词当地价格粘性目标利润额度 “东盟+2” 中国 local - currency - pricing- stability, mark - up, ASEAN ＋ 2, China

分类号 F832.6 [经济管理—金融学]

引文网络
相关文献

参考文献10

1Youwen Zhang,Business Environment and Opportunities in Shanghai,Conferenee Proceedings of Cooperation and Integration in ASEAN + 3,Singapore,2004.
2Eichengreen.B,Rhee,Y and H.Tong,The Impact of China on the Exports of Other Asian Countries,memo,University of California at Berkeley,2004.
3Krugman,P.,Pricing to Market When the Exchange Rate Changes,NBER Working Paper,No.1926,1986.
4Knetter,M.,Price Discrimination by US and German Exporters,American Economic Review,1989,79(3):198-210.
5Knetter,M.,Pricing to Market in Response to Unobservable and Observable Shocks,Dartmouth Collegeg Working Paper,NO.89-16,March,1991.
6Knetter,M.,International Comparisons of Pricing-to-Market Behavoir,American Economic Review,1993,(7):473-483.
7Marston,R.,Pricing to Market in Japanese Manufacturing,Journal of International Economics,1990,(12):217-236.
8Wang,K and C.Wu,Exchange Rate Pass Through and Industry Characteristics:the Case of Taiwan's Exports of Midstream Petrochimical Products,NBER Working Paper,No.5749,1996.
9Campa,J.and L.Goldberg,Exchange Rate Pass Through into Import Prices:A Macro or Micro Phenomenon? NBER Working Paper,No.8934,2002.
10尤安山,欧亚欢子.建立中国与东盟自由贸易区研究[R].国家社科基金项目(一般类别),2005.

同被引文献24

1鞠荣华,李小云.中国农产品出口价格汇率传递研究[J].中国农村观察,2006(2):16-23. 被引量：27
2潘红宇.汇率波动率与中国对主要贸易伙伴的出口[J].数量经济技术经济研究,2007,24(2):73-81. 被引量：64
3Click,R. , Rose,A. Contagion and Trade: Why are Currency Crisis Regional. Journal of International Money and Finance, 1999,18:603-617.
4Coughlin, C, Pollard, S. State Exports and the Asian Crisis. http ://ideas. repec, org/a/fip/fedlrv/y2000ijanp3-14nv. 82 no. 1. html,2000.
5Femald, J. , Edison, H. , Loungani, P. Was China the first Domino? Assessing links between China and other Asian Economies. Journal of International Money and Finance, 1999,18 : 515-535.
6Gnan,E. , Mooslechner,P. The Impact of the Financial Crisis on the Real Economy in Austria-Analytical Challenge from Exceptional Factors. Monetary Policy and The Economy, 2008, Q4:5-7.
7Gunnawardana, P. The Asian Currency Crisis and Australian Exports to East Asia. Economic Analysis & Policy, 2006:73- 79.
8Feng, X, B, Alan, I. Chinese RMB exchange rate and local currency price stability in Asian trade. China Economic Review, 2007,18 : 4.
9Fratzscher, M. What Explains Global Exchange Rate Movements during the Financial Crisis. Working paperNol060, European Central Bank. Knetter, M. (1989). Price Discrimination by US and German Exporters. American Economic Review, March, 2009,79 : 198-210.
10Knetter, M. Pricing to Market in Response to Unobservable and Observable Schoks. Dartmouth Collegeg Working Paper No.89-16,March,1991.