商业研究
商業研究
상업연구
Commercial Research
2015年
2期
30~35
,共null页
汇率传递 名义有效汇率 出口价格指数
彙率傳遞 名義有效彙率 齣口價格指數
회솔전체 명의유효회솔 출구개격지수
exchange rate pass -through; NEER; export price index
基于2000年1月至2013年7月我国出口贸易的细分行业数据,本文对我国各行业出口汇率传递弹性进行测算,发现长期出口汇率传递效应的行业差别明显:机械运输业和电子电气业等高附加值行业的出口汇率传递弹性较大,存在过度传递,其它行业均存在不完全传递;各行业短期汇率传递弹性明显小于长期,我国出口贸易的汇率传递效应存在滞后性,也说明我国出口品的国际竞争力较弱,出口商只能通过长期缓慢的价格调整吸收汇率变动的成本,对于汇率的变化出口商仅在长期反映显著而在短期内并不显著。
基于2000年1月至2013年7月我國齣口貿易的細分行業數據,本文對我國各行業齣口彙率傳遞彈性進行測算,髮現長期齣口彙率傳遞效應的行業差彆明顯:機械運輸業和電子電氣業等高附加值行業的齣口彙率傳遞彈性較大,存在過度傳遞,其它行業均存在不完全傳遞;各行業短期彙率傳遞彈性明顯小于長期,我國齣口貿易的彙率傳遞效應存在滯後性,也說明我國齣口品的國際競爭力較弱,齣口商隻能通過長期緩慢的價格調整吸收彙率變動的成本,對于彙率的變化齣口商僅在長期反映顯著而在短期內併不顯著。
기우2000년1월지2013년7월아국출구무역적세분행업수거,본문대아국각행업출구회솔전체탄성진행측산,발현장기출구회솔전체효응적행업차별명현:궤계운수업화전자전기업등고부가치행업적출구회솔전체탄성교대,존재과도전체,기타행업균존재불완전전체;각행업단기회솔전체탄성명현소우장기,아국출구무역적회솔전체효응존재체후성,야설명아국출구품적국제경쟁력교약,출구상지능통과장기완만적개격조정흡수회솔변동적성본,대우회솔적변화출구상부재장기반영현저이재단기내병불현저。
Based on China's industrial trade data from January 2000 to July 2013, this paper estimated the exchange rate pass - through (ERPT) elasticity of export. It was found that there were clear differences in long - term export ERPT effect among industries. There was an excessive export transmission in machinery transport and electrical electronic in- dustries with high value - added while incomplete import transmission in other industries. The short - term ERPT elasticity was lower than the long - term one, which not only shows that the presence of the lag ERPT effect in export trade, but also shows that the international competitiveness of China's exports is weak. When the exchange rate fluctuated, export- ers could adjust prices slowly to absorb the cost of exchange rate changes, which made for exporters reflected significantly only in the long term, but is not significant in the short term.