Cheung, Yin-Wong; Chinn, Menzie D.; Qian, Xing Wang - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2012
We find that Chinese trade flows respond to economic activity and relative prices -- as represented by a trade weighted exchange rate -- but the relationships are not always precisely or robustly estimated. Chinese exports are generally well-behaved, rising with foreign GDP and decreasing as the...