This paper examines how Chinese RMB appreciation affects China and its competitor¡¯s exports to the third market at industry level. We develop a two-country competition model to analyze the trade destruction effect and trade diversion effect of RMB appreciation. The theoretical analysis shows...

This article examines the determinants and interregional spillovers of regional productivity and multinational enterprise (MNE) research and development (R&D) in China. The authors apply a two-equation recursive model to a panel data set of thirty provinces and equivalents from 1998 to 2005. The...