Wang, Boya; Liu, Siyue - In: Journal for Economic Forecasting (2014) 4, pp. 128-139
This paper establishes a nonlinear semi-logarithmic model to empirically test China’s economic data from 1994 to 2014 in order to analyze directly the impact of RMB exchange rate’s changes on industrial restructuring. We draw the conclusion that the appreciation of nominal effective exchange...