Showing 1 - 10 of 541
This paper evaluates Namibia''s competitiveness using several traditional indicators; it concludes that, while the real effective exchange rate (REER) is in equilibrium at present?suggesting no imminent need for concern?the country may wish to improve its competitiveness by increasing...
Persistent link: https://www.econbiz.de/10014400324
Many arguments that have been advanced in favor of maintaining capital controls within the EC have not paid sufficient attention to the welfare consequences of this type of market intervention. Our paper provides a simple, optimizing framework in which the welfare consequences of capital...
Persistent link: https://www.econbiz.de/10014396039
Persistent link: https://www.econbiz.de/10009424803
alternative approaches and models commonly used to derive equilibrium real exchange rate estimates. Using China''s currency to … conclusion from the tests used here is that, at least for China, small changes in model specifications, explanatory variable …
Persistent link: https://www.econbiz.de/10014400514
The paper explores the behavior of the long-run real exchange rate (RER) of Hong Kong SAR and China by testing the … suggest (1) at present, Hong Kong SAR and China do not satisfy the conditions necessary for forming an optimal currency area …-run elasticity between the RERs of Hong Kong SAR and China is negative …
Persistent link: https://www.econbiz.de/10014401121
We examine the impact of real exchange rate fluctuations on sectoral and regional employment in China from 1980 to 2008 … with employment data at the region-sector level. The results of this paper have important implications for China''s labor …
Persistent link: https://www.econbiz.de/10014399230
Based on China''s experience between 1980 and 2002, a cointegrated vector autoregression model was established to … explore the relationships among real interest rates, real exchange rates and balance of payments in China. Taking into account …
Persistent link: https://www.econbiz.de/10014403832
This paper reviews the evolution of China''s real effective exchange rate between 1980 and 2002, and uses a structural …
Persistent link: https://www.econbiz.de/10014404124
The number of studies attempting to estimate the ""equilibrium"" real value of China''s currency has proliferated in … significant part of China''s competitive prowess can be attributed to the foreign exchange value of the renminbi. Unfortunately … in a rapidly developing economy like China …
Persistent link: https://www.econbiz.de/10014404218
We analyze the impact on productivity in advanced economies of fast-growing trade with China between the mid-1990s and … economies and, similar to Autor, Dorn, and Hanson (2013), exploit exogenous variation in trade with China in a given country …-sector by instrumenting imports from (exports to) China in a given country-sector with the average imports from (exports to …
Persistent link: https://www.econbiz.de/10011704570