CAJ | 학술논문

根据海关协调制度（HS）的行业分类标准，本文编制了我国8个最主要的工业制品行业的实际有效汇率指数，并通过模拟仿真实验分析了各行业实际有效汇率的影响因素。结果表明，在样本期内，各行业实际有效汇率的水平值和变化幅度均有明显的差异。名义有效汇率、国内和国外价格水平等因素对实际有效汇率的影响程度在不同行业存在差异。基于SVAR模型，本文考查了我国主要工业制品行业的出口量与分行业实际有效汇率各组成因素之间的动态关系。脉冲响应结果显示，由于出口产品结构以及在国际市场上竞争力等方面的差异，各行业的出口量对同一种类变量的冲击往往表现出不同的脉冲响应特征。
근거해관협조제도（HS）적행업분류표준，본문편제료아국8개최주요적공업제품행업적실제유효회솔지수，병통과모의방진실험분석료각행업실제유효회솔적영향인소。결과표명，재양본기내，각행업실제유효회솔적수평치화변화폭도균유명현적차이。명의유효회솔、국내화국외개격수평등인소대실제유효회솔적영향정도재불동행업존재차이。기우SVAR모형，본문고사료아국주요공업제품행업적출구량여분행업실제유효회솔각조성인소지간적동태관계。맥충향응결과현시，유우출구산품결구이급재국제시장상경쟁력등방면적차이，각행업적출구량대동일충류변량적충격왕왕표현출불동적맥충향응특정。
According to the Harmonized System, we calculate the industry-spe- cific real effective exchange rate （REER） for China＇s 8 most important industries, and then analyze the effect of various factors on industry-specific REER by conducting a simulation analysis. The results show that, there are apparent differences in levels and amplitudes of variation among the REERs of different industries. The factors of the industry-specific REERs, such as nominal effective exchange rate, domestic and foreign price level, exhibit different impact on REER in different industries. Base on SVAR model, we analyze the dynamic relationships among each industry＇s export volume and the factors of which the industry-specific REERs are composed. The impulse response results show that, because of the discrepancies in export structure and international competitiveness, the export volume of different industry exhibit different response to the same sort of economic impulse.