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Study on the influence of RMB exchange rate change on the long-term and long-term effects of China's import and export trade

Yugan Geng, Jiaming Zhu, Tianye Gu

Abstract


since the Asian financial crisis in 2002, the RMB has appeared in the public view again. At the same time, the change of RMB exchange rate has become a hot topic for scholars to discuss and study.Through the analysis of the basic literature, it is found that most scholars focus on the impact of RMB exchange rate changes on a certain industry. As a result, this paper selects the nominal exchange rate of RMB, the real exchange rate of RMB, the total import and export trade of China and the total import and export demand of China as the research variables to explore the short-term and long-term effects of RMB exchange rate changes on China's commodity import and export trade.


Keywords


RMB exchange rate change; ADF test; Granger causality test;empirical analysis

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References


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DOI: http://dx.doi.org/10.18282/ff.v10i1.1627

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