摘要
选取1990～2006年的年度数据,采用Edwards的均衡汇率模型,利用ADF检验、协整检验,从实证角度分析影响人民币均衡汇率的调整因素。与其他文章不同的是,将产品市场开放度这个因素考虑进去,得出的结论是产品市场开放度对均衡汇率的影响是显著的:产品市场开放度每提高1个百分点,人民币汇率就升值0.53个百分点。
The factors contributing to RMB equilibrium exchange rate in the aspect of empirical evidence were discussed by selecting the year data between 1990 and 2006,applying Edwards equilibrium exchange rate model,ADF test and co-integration test,and considering the product-market openness(different from the other papers).The result showed that the product-market openness had significant influence on equilibrium exchange rate:RMB exchange rate appreciated by 0.53%when the openness increased by 1%.
出处
《武汉生物工程学院学报》
2010年第1期51-54,共4页
Journal of Wuhan Bioengineering Institute
