章节

中英商品贸易的动力——存在S曲线效应吗

摘要

S曲线现象假定贸易平衡的往期值与当期汇率值之间是负相关的,贸易平衡的久期值与当期汇率值之间是正相关的。我们分析了中英贸易之间的S曲线问题。当我们运用中英双边贸易流量值时发现并不存在S曲线,但是,当基于行业分解双边贸易值,并利用双方47个行业数据建立了S曲线,发现有12个行业数据支持S曲线的存在。这些占双边贸易市场30%份额(包含最大的行业)的12个行业将会在货币贬值中收益。

作者

李钰靖 ,河南省社会科学院人口与社会发展研究所七级职员,主要研究方向为教育社会学。
王元亮 ,河南省社会科学院副研究员,主要研究方向为农村经济。
齐爽 ,女,1991年1月出生,河南省社会科学院区域经济评论杂志社编辑。
文瑞

参考文献 查看全部 ↓
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  • 1.Backus,D.K.,P.J.Kehoe and F.E. Kydland,1994,“Dynamicas of the Trade Balance and the Terms of Trade:The J-curve?” American Economic Review 84:84-103.
  • 2.Bahmani-Oskooee,M.,1985,“Devaluation and the J-Curve:Some Evidence from LDCs,” Review of Economics and Statistics 67:500-594.
  • 3.Bahmai-Oskooee,M.,and S.W.Hegerty. 2010. “The J-and S-Curves:A Survey of the Recent Literature,” Journal of Economic Studies 37:580-596.
  • 4.Bahmai-Oskooee,M.,and A. Ratha,2007,“The S-Curve Dynamics of US Bilateral Trade”,Review of International Economics 15:430-439. 2008.
  • 5.“S-Curve at Industry Level:Evidence from US-UK Bilateral Trade”,Empirical Economics 35:141-152. 2010.
  • 6.“S-Curve Dynamics of Trade Between U.S. and China”,China Economic Review 21:213-223.
  • 7.Bahmai-Oskooee,M.,A. Gelan,and A. Ratha,2008,“S-Curve Dynamics of Trade in Africa” African Development Review 20:335-342.
  • 8.Bahmai-Oskooee,M.,A. Gelan,and A. Ratha,2008,“The S-Curve in Emerging Markets”,Comparative Economic Studies 50,No. 2:341-351.
  • 9.He,Sh. -Q.,2010,“Dynamics of Chinese Agricultural Trade Patterns:Pre-and Post WTO Periods”,Chinese Economy 43,No.2:5-25.
  • 10.Li,K.-W.,2009,“Finance and Trade Development in Contemporary China”,The Chinese Economy 42,No.2:3-6.
  • 11.Montinari,L.,and G. Prodi,2011,“China’s Impact on Intra-African Trade”,The Chinese Economy 44,No.4:75-91.
  • 12.Parikh,A.,and M. Shibata. 2004. “Dynamics of the Relationship Between the Terms of Trade and the Trade Balance in Developing Countries of Asia,Africa,and Latin America”,Journal of Quantitative Economics 2:104-121.
  • 13.Senhadji,A.S. 1998. “Dynamics of the Trade Balance and the Terms of Trade in LDCs:the S-Curve”,Journal of International Economics 46:105-131.
  • 14.Xiaoding,R.,2007,“The Characteristics and Trend of China’s Processing Trade Development in Recent Years”,The Chinese Economy 40,No. 4:70-78.
  • 15.Zhang,Y.,2009,“Foreign Currency Inflow and Real Exchange Rate Movement”,Chinese Economy 42,No. 2:63-90.

中英商品贸易的动力——存在S曲线效应吗

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