Brada, Josef C; Kutan, Ali M; Zhou, Su - In: Economic Change and Restructuring 26 (1993) 3, pp. 229-42
This paper examines the responsiveness of the balance of trade of the People's Republic of China to the real exchange rate. We find that, in both the short-run and the long-run, devaluation serves to improve the balance of trade. Using quarterly data for 1980:1 to 1989:4 we show that the bulk of...