亚太经济
亞太經濟
아태경제
Asia-Pacific Economic Review
2010年
3期
101~106
,共null页
东亚经济 实际有效汇率 出口竞争力
東亞經濟 實際有效彙率 齣口競爭力
동아경제 실제유효회솔 출구경쟁력
East Asian Economy; Real Effective Exchange Rate; Export Competitiveness
本文实证研究显示,在我国劳动生产率大幅提升,单位劳动成本下降,名义汇率小幅上升的条件下,我国相对东亚四国的实际有效汇率大幅上升。其原因为东亚国家的名义汇率贬值,以及工资增幅与劳动生产率的提升脱钩。据此,我们认为人民币对发达国家货币具有升值条件,但受供应竞争的制约,并提出调节实际有效汇率的政策建议。
本文實證研究顯示,在我國勞動生產率大幅提升,單位勞動成本下降,名義彙率小幅上升的條件下,我國相對東亞四國的實際有效彙率大幅上升。其原因為東亞國傢的名義彙率貶值,以及工資增幅與勞動生產率的提升脫鉤。據此,我們認為人民幣對髮達國傢貨幣具有升值條件,但受供應競爭的製約,併提齣調節實際有效彙率的政策建議。
본문실증연구현시,재아국노동생산솔대폭제승,단위노동성본하강,명의회솔소폭상승적조건하,아국상대동아사국적실제유효회솔대폭상승。기원인위동아국가적명의회솔폄치,이급공자증폭여노동생산솔적제승탈구。거차,아문인위인민폐대발체국가화폐구유승치조건,단수공응경쟁적제약,병제출조절실제유효회솔적정책건의。
From the perspective of global supply competition between China and East Asian countries, this paper analyzes the trends and causes of China and four East Asian countries＇ export competitiveness from 1990 to 2008 by building unit labor costs-based real effective exchange rate model. Empirical studies have shown that under the conditions of a substantial increase in China＇s labor productivity, decline of unit labor cost and a small increase in the nominal exchange rate, China＇s relative real effective exchange rate increases sharply against four countries in East Asia.
