摘要
在文献回顾的基础上,就汇率对企业生产率的作用机理进行了理论剖析。构建面板数据模型,利用2006—2013年中国制造业上市公司的数据,实证检验了汇率改革以来中国汇率变动对企业生产率的影响。研究结果表明:汇率波动对企业劳动生产率有很大影响,汇率与企业生产率负相关;企业资产、营业利润、FDI、出口依存度、资本密集度会不同程度地影响汇率对企业生产率的传递效应。
On the basis of the literature review,this paper analyzes the effect mechanism of exchange rate on enterprise＇s productivity theoretically.Then it uses the data of the manufacturing listed companies from 2006 to 2013to examine and verify the effect of exchange rate change on corporate productivity by panel data model.The results show as follows：the volatility of exchange rate has great effects on the labor productivity of enterprise,and the exchange rate has the obvious negative correlation with enterprise＇s productivity.Firm＇s asset,profit,FDI,export dependence,capital intensity are the factors affecting the transfer effect of exchange rate on firm＇s productivity.
出处
《技术经济》
CSSCI
北大核心
2015年第2期113-118,共6页
Journal of Technology Economics
基金
江苏省科技厅软科学项目"江苏基于外资推动传统产业转型升级的对策措施研究"(BR2011005)
关键词
汇率
企业生产率
制造业
exchange rate
enterprise＇s productivity
manufacturing
