双边实际汇率、出口规模与出口质量

Bilateral Real Exchange Rates,Export Scale and Export Quality

本文采用2005~2011年中国对147个国家和地区的6位数海关编码出口数据，实证研究了人民币与进口国货币之间的双边实际汇率变化对中国出口的影响。研究表明，不同产品出口的实际汇率弹性与产品质量有关，高技术含量产品出口的汇率弹性小于低技术含量产品。人民币相对于进口国货币的实际升值一方面会对出口规模产生显著的负面影响，另一方面却能优化出口结构，提升中国出口产品的整体质量。

Using export data at the HS 6-digit level from China to 147 countries and regions during the period of 2005 ~ 2011,this paper studies the effects of the bilateral real exchange rates on China's exports. The results show that the flexibility of exports to bilateral exchange rates are obviously different from products with different technology contents. The exports of more sophisticated products are less flexible to exchange rate changes than others. RMB appreciation has a negative effect on export scale but it has a positive effect on upgrading China's export quality.