Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/63359 
Kompletter Metadatensatz
DublinCore-FeldWertSprache
dc.contributor.authorZhang, Yinen
dc.contributor.authorWan, Guanghuaen
dc.date.accessioned2012-09-21T09:30:58Z-
dc.date.available2012-09-21T09:30:58Z-
dc.date.issued2004-
dc.identifier.isbn9291906441en
dc.identifier.urihttp://hdl.handle.net/10419/63359-
dc.description.abstractThis paper proposes a structural VAR model which extends the frameworks of Hoffmaister and Roldós (2001) and Prasad (1999). The model is then used to analyse the sources of China’s trade balance fluctuations in the period of 1985–2000. Efforts are made to distinguish the forces which underlie the long-run trend in trade balance from those with transitory impacts. The effects of four types of shock are examined—the foreign supply shock, the domestic supply shock, the relative demand shock, and the nominal shock. Among other findings, two emerge as important. First, the movements in China’s trade are largely the result of real shocks. Second, the Renminbi is undervalued, yet changes in the exchange rate bear little on the trade balance. Therefore, monetary measures would not suffice to redress China’s trade ‘imbalance’. – China ; trade balance ; real exchange rate ; structural VAR ; Law of One Priceen
dc.language.isoengen
dc.publisher|aThe United Nations University World Institute for Development Economics Research (UNU-WIDER) |cHelsinkien
dc.relation.ispartofseries|aWIDER Research Paper |x2004/55en
dc.subject.jelO53en
dc.subject.jelF40en
dc.subject.jelE0en
dc.subject.ddc330en
dc.subject.stwHandelsbilanzen
dc.subject.stwMonetäre Außenwirtschaftstheorieen
dc.subject.stwChinaen
dc.titleWhat accounts for China's trade balance dynamics?-
dc.typeWorking Paperen
dc.identifier.ppn477328393en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

Datei(en):
Datei
Größe
214.81 kB





Publikationen in EconStor sind urheberrechtlich geschützt.