汇率调整对中国高科技产品出口价格的传递

Exchange Rate Adjustment on the Transmission of China’s High-tech Products Export Price

本文通过理论分析得出,由于集约边际效应及广延边际效应综合作用的结果,高科技产品进口价格调整对汇率变动存在不完全传递。在此基础上,使用2004—2017年法国、德国、日本、英国及美国从中国进口的HS制度下6位数字的高科技产品进口数据进行实证检验,发现汇率调整对样本国高科技产品进口价格存在较高程度的传递。

Through theoretical analysis, this paper concludes that due to the combined effects of intensive marginal effects and extensive marginal effects, the adjustment of import prices of high-tech products does not completely transfer exchange rate changes. On this basis, using the import data of 6-digit high-tech products imported from China by France, Germany, Japan, the United Kingdom and the United States in 2004-2017, and conducting an empirical test, we found that the exchange rate adjustment is high-tech products for the sample countries. There is a high degree of transmission of import prices.