The Impact of CNY Real Exchange Rate on China's Bilateral Trade with the U.S

This thesis uses Co-integration Test and Error Correction Model to investigate the effect of CNY real exchange rate on China’s bilateral trade with the U.S. The model utilizes China and U.S economic variables, namely, bilateral trade balance, CNY real exchange rate, and GDP. The sample data is from...

Full description

Saved in:
Bibliographic Details
Main Author: Huang, Yuan
Format: Thesis
Language:eng
eng
Published: 2012
Subjects:
Online Access:https://etd.uum.edu.my/3131/1/HUANG_YUAN.pdf
https://etd.uum.edu.my/3131/3/HUANG_YUAN.pdf
Tags: Add Tag
No Tags, Be the first to tag this record!
id my-uum-etd.3131
record_format uketd_dc
institution Universiti Utara Malaysia
collection UUM ETD
language eng
eng
advisor Mohd Taib, Hasniza
topic HB Economic Theory
spellingShingle HB Economic Theory
Huang, Yuan
The Impact of CNY Real Exchange Rate on China's Bilateral Trade with the U.S
description This thesis uses Co-integration Test and Error Correction Model to investigate the effect of CNY real exchange rate on China’s bilateral trade with the U.S. The model utilizes China and U.S economic variables, namely, bilateral trade balance, CNY real exchange rate, and GDP. The sample data is from 2005.Q1 to 2011.Q4. The major results suggest that GDP for the U.S plays an important role in China’s bilateral trade to U.S. GDP for China and CNY real exchange rate have limited effect on China’s bilateral trade to U.S.
format Thesis
qualification_name masters
qualification_level Master's degree
author Huang, Yuan
author_facet Huang, Yuan
author_sort Huang, Yuan
title The Impact of CNY Real Exchange Rate on China's Bilateral Trade with the U.S
title_short The Impact of CNY Real Exchange Rate on China's Bilateral Trade with the U.S
title_full The Impact of CNY Real Exchange Rate on China's Bilateral Trade with the U.S
title_fullStr The Impact of CNY Real Exchange Rate on China's Bilateral Trade with the U.S
title_full_unstemmed The Impact of CNY Real Exchange Rate on China's Bilateral Trade with the U.S
title_sort impact of cny real exchange rate on china's bilateral trade with the u.s
granting_institution Universiti Utara Malaysia
granting_department Othman Yeop Abdullah Graduate School of Business
publishDate 2012
url https://etd.uum.edu.my/3131/1/HUANG_YUAN.pdf
https://etd.uum.edu.my/3131/3/HUANG_YUAN.pdf
_version_ 1747827505552687104
spelling my-uum-etd.31312016-04-19T07:20:21Z The Impact of CNY Real Exchange Rate on China's Bilateral Trade with the U.S 2012-06 Huang, Yuan Mohd Taib, Hasniza Othman Yeop Abdullah Graduate School of Business Othman Yeop Abdullah Graduate School of Business HB Economic Theory This thesis uses Co-integration Test and Error Correction Model to investigate the effect of CNY real exchange rate on China’s bilateral trade with the U.S. The model utilizes China and U.S economic variables, namely, bilateral trade balance, CNY real exchange rate, and GDP. The sample data is from 2005.Q1 to 2011.Q4. The major results suggest that GDP for the U.S plays an important role in China’s bilateral trade to U.S. GDP for China and CNY real exchange rate have limited effect on China’s bilateral trade to U.S. 2012-06 Thesis https://etd.uum.edu.my/3131/ https://etd.uum.edu.my/3131/1/HUANG_YUAN.pdf text eng validuser https://etd.uum.edu.my/3131/3/HUANG_YUAN.pdf text eng public masters masters Universiti Utara Malaysia Ariccia,G.D., (1998).Exchange Rate Fluctuations and Trade Flows: Evidence From The European Union.International Monetary Fund. Arize,A.C.,Osang,T. and Slottje D.J., (2009).Exchange Rate Volatility and Foreign Trade: Evidence from Thirteen LDC’s. Journal of Business and Economic Statistics. 18(1),10-17 Asia Development Bank, http://www.adb.org/ data/main Bhattarai,K.R., and Armah,M.K., (2005).The Effect of Exchange Rate on the Trade Balance in Ghana: Evidence From Cointegraion Analysis. Research Memorandum. Chowdury,A.R., (1993).Does Exchange Rate Volatility Depress Trade Flows? Evidence from Error-Correction Models. The Review of Economics and Statistics, 75(4),700-706. Devkota,S., (2004).Impact of Exchange Rate Change on Foreign Trade Balance in Nepal.Nepal Electricity Authority, Kathmandu,Nepal. Economic Co-operation and Development,http://stats.oecd.org Herve,D.B.,Yao and Amed,A. (2010).The Effects of Real Exchange Rate on Trade Balance in Cote d’Ivoire: Evidence from the Co-integration Analysis and Error-Correction Models.Munich Personal RePEc Archive.21(810) Hopper,P. and Kohlhagen,S.W.,(1976).The Effect of Exchange Rate Uncertainty on the Price and Volume of International Trade. International Finance Discussion Paper(91). http://wenku.baidu.com/view/ec7b14dbad51f01dc281f125.html Huang, http://finance.sina.com.cn/g/20050722/15461826007. shtml Koray,F. and Lastrapes,W.D. ,(1989).Real Exchange Rate Volatility and U.S Bilateral Trade: A Var Approach. The Review of Economics and Statistics, 71(4),708-712. Li, (2007),Analysis on the Sino-U.S Balance Based on Kalman Filter. International Trade.(.7).http://wenku.baidu.com/view/456e1839376baf1ffc4fada1.html Liew,Lim, and Hussain,H., (2000).Exchange Rate and Trade Balance Relatioship:The Experience of Asean Countries. Lin i and Xu, (2008).The Elastic Influence of the Changes of CNY Real Exchange Rate on the Import Trade in Our Country: A Substantial Evidence Study Based on the Variable Parameter Model.Journal of Guangdong University of Business Studies.(4). Liu, (2010).Correlation Study Between The Real Exchange Rate of CNY and China-USA Trade.Unpublished Master’s Thesis.Su Zhou University. Liu, (2010).Research on CNY Exchange Rate and Sino-U.S Trade Relations. Unpublished Master’s Thesis.Economic and Trade University Lu, and Dai, (2004),The Impact of CNY Real Exchange Rate on China’s import and Export in term of 1994 to 2003.National Bureau of Statistics of China,http://www.stats.gov.cn/english Onafowra,O., (2003).Exchange Rate and Trade Balance in East Asia: Is There A J- Cureve? Economics Bulletin, 5(18),1−13 Pan,(2010).Whether Appreciation of CNY Exchange Rate Can Reduce the China’s Trade Surplus to U.S? Research on International Trade.(6) http://wenku.baidu.com/view/ e56559fd700abb68a982fb6c.html Qiang,Wu,et al. ,(2004).Analysis on CNY Exchange Rate. World Economy Study, (8). Qu, (2005),Study of the relationship between the U.S-China trade deficit and CNY exchange rate.The research centre of Financial Engineering.http://wenku.baidu.com/view/ faaaec48c850ad02de80410b.html?from=related&hasrec=1 Ren and Ning, (2004).Empirical Analysis on CNY Real Exchange Rate and Balance of Trade.MODERN FINANCE AND ECONOMICS-JOURNAL OF TIANJIN UNIVERSITY OF FINANCE AND ECONOMICS, 24(11). Shahbaz,M. and Islam F., (2010).Real Exchange Rate Changes and Trade Balance in Pakistan: A revisit.Munich Personal RePEc Archive.26731. Shen, (2001).Research on CNY Exchange Trade and China’s Trade Surplus to U.S. Nankai Economic Studies,(6). http://wenku.baidu.com/view/360445dd5022aaea998f0fb0.html Su and Huang, (2006).The Relationship Between CNY Exchange Rate and China’s Export to Europe.Finance and Economics(4), http://wenku.baidu.com/view/ea3a044df7ec4afe05a1df05.html Su, (2011).An Empirical Analysis on CNY Exchange Rate on Sino-U.S Bilateral Trade.China Academic Journal Electronic Publishing House.No.8,2011.http://wenku.baidu.com/view/ dbe5c265f5335a8102d220c8.html United Nations Economic Commission for Europe,http:// w3.unece.org US Census, http://www.census.gov/foreign-trade/balance/c5700.html Wang and Zhang, (2010)/ CNY exchange rate and Sino-U.S Trade. Market Modernization.(9).http://wenku.baidu.com/view/1ce75045b307e87101f696c2.html Wang,Chen and Wu, (2007),An Empiricial Analysis on the Relationship Between CNY Exchange Rate on China’s.trade surplus to U.S. International Trade(5). http:// wenku.baidu.com/view/0f0485eab8f67c1cfad6b8f7.html Wang,Pang and Pan, (2010),An Empiricial Analysis on the Impact of CNY Exchange Rate Fluctuation on China’s Import and Export.Unpublished Master’s Thesis.XiDian University. Shanxi Province. http://www.zclunwen.com/article/sort05/sort056/jirongyanjiu/info-50132.html Wen, (2009),Research on Impact of CNY Exchange Rate Fluctuation on Exports of China.Unpublished Master’s Thesis. Su Zhou University. http://wenku.baidu.com/view/daf48692daef5ef7ba0d3c0d.html Wilson,P.,(2001).Exchange Rate and the Trade Balance for Dynamic Asian Economic- Does the J-Curve Exist for Singapore,Malaysia and Korea? World Factbook,https://www.cia.gov/library/publications/theworldfactbook/geos/ch.html Xi, (2008),Analysis on Impact of CNY Exchange Rate appreciation on China’s Import and Export.Market Modernization(9). http://wenku.baidu.com/view/c9eaa04de 518964bcf847c0c.html Xie, (2002),CNY Exchange Rate and Balance of Trade --- Co-integration Research and Impact Decomposition.World Economy.(9).http://wenku.baidu.com/view/c584dd7831b765 ce05081493.html Xie, Xu,Song,et al.,(2001),Analysis on impact of CNY Exchange Rate on China’s trade after 1997’s financial crisis. http://wenku.baidu.com/view/bb1c57d97f1 922791688e80d.html Xu, http://finance.sina.com.cn/economist/jingjixueren/20050723/13031828121.shtml Xu,(2010),Research on CNY Exchange Rate and Bilateral Trade.Special Zone Economy.(12). http://wenku.baidu.com/view/729e39303968011ca30091b7.html Ye,Hu and Huang, (2006).The Relationship Between CNY Real Exchange Rate and Bilateral Trade: A Case of Sino-U.S and Sino-Japanese Bilateral Trade.China Acadamic Journal Electronic Publishing Hourse,310(4).http://wenku.baidu.com/view/63ef414533687e21af45a9a6.html Zhan, (2009).Empirical Analysis on CNY Exchange Rate on Sino-U.S Trade.Unpublished Master’s Thesis.Xia Men University. Zhang and Lai,(2006),An analysis of Influence on China’s Import-Export Trade of CNY Exchange Rate Fluctuation. Value Engineering(11).http://wenku.baidu.com/view/5e02bf88d0d 233d4b14e6993.html Zhang, (2008).The Impact of Exchange Rate on China’s International Trade Balance----On Case of Sino-U.S and Sino-Japanese Bilateral Trade.Unpublished Master’s Thesis. Shan Dong University.Shan Dong Province. http://wenku.baidu.com/view/9171ac0af78a6529647d5389.html Zhao, (2010).Does Exchange Rate Volatility Depress Trade Flows In A Small Open Economy? Evidence From New Zealand. New Zealand Association of Economic Conference,2010.