统计研究 ›› 1997, Vol. 14 ›› Issue (5): 45-50.
中国出口与有效汇率的关系分析
魏巍贤
Based on calculating Chinese effective exchange rate, this paper uses cointegration techniques to analyze the logical link between export and RMB exchange rate in China in the reform period. A possible long-run equilibrium relation and casual relation between these variables are studied. Error correction model(ECM) which describes the mechanism of adjustment to long-term equilibrium is built. We test the stability of ECM as well. Particularly, we analyze the effect of temporary policy on export in this study. In the end of this paper, the conclusions are given.
WEI Wei-Xian
