人民幣實際匯率變動對制造業(yè)企業(yè)績效的影響
本文關(guān)鍵詞:人民幣實際匯率變動對制造業(yè)企業(yè)績效的影響 出處:《華東理工大學(xué)》2017年碩士論文 論文類型:學(xué)位論文
更多相關(guān)文章: 行業(yè)實際有效匯率 企業(yè)績效 出口收益 進口成本 進口競爭
【摘要】:匯率是國際貿(mào)易中兩國貨幣交換的相對價格,是影響一國產(chǎn)品在國際市場上競爭力的重要因素之一。制造業(yè)是一個國家的立足之本,是推動經(jīng)濟持續(xù)增長、提升國家綜合國力和核心競爭力的重要力量。從2009年開始我國己經(jīng)成為了世界上第一大出口國和第二大進口國,2015年我國工業(yè)制成品總產(chǎn)值3.62萬億美元,其中對外出口 2.17萬億美元,占工業(yè)制成品總產(chǎn)值的59.9%,隨著人民幣匯率機制改革不斷深化,人民幣匯率波動幅度也在加大,匯率成為了影響我國產(chǎn)品競爭力的重要因素,因此分析匯率變動對我國制造業(yè)企業(yè)績效影響具有重要意義。本文利用2000-2006年中國工業(yè)企業(yè)數(shù)據(jù)庫和海關(guān)貿(mào)易數(shù)據(jù)庫資料,從出口收益、進口成本和進口競爭這三個途徑來研究行業(yè)實際有效匯率變動對制造業(yè)企業(yè)績效的影響,發(fā)現(xiàn)人民幣升值通過出口收益渠道能提高本國產(chǎn)品以外幣表示的價格,對企業(yè)績效有負向影響;人民幣升值通過進口成本渠道能降低以本國貨幣表示進口中間品成本價格,對企業(yè)績效有正向影響,對于進口競爭渠道,匯率升值會降低進口產(chǎn)品的價格,進而給本國企業(yè)在國內(nèi)銷售的產(chǎn)品更大的競爭壓力,對企業(yè)的績效的負向影響。同時還發(fā)現(xiàn)人民幣行業(yè)實際有效匯率對企業(yè)績效的影響因企業(yè)生產(chǎn)率、行業(yè)集中度、要素密集度和所有制的不同而表現(xiàn)出差異性。
[Abstract]:Exchange rate is the relative price of currency exchange between the two countries in international trade, and it is one of the important factors that affect the competitiveness of a country's products in the international market. Since 2009, China has become the world's largest exporter and the second largest importer. In 2015, the total output value of China's manufactured goods was 3.62 tillion US dollars, of which 2.17 tillion US dollars was exported to foreign countries, accounting for 59.9% of the total output value of manufactured goods. With the deepening of the reform of RMB exchange rate mechanism, the fluctuation range of RMB exchange rate is also increasing. Exchange rate has become an important factor affecting the competitiveness of our products. Therefore, it is of great significance to analyze the impact of exchange rate changes on the performance of Chinese manufacturing enterprises. This paper uses the database of China's industrial enterprises and the customs trade database from 2000 to 2006 to analyze the export earnings. Import cost and import competition are three ways to study the effect of real effective exchange rate changes on the performance of manufacturing enterprises. It is found that RMB appreciation can increase the price of domestic products expressed in foreign currency through export earnings. It has negative influence on enterprise performance; RMB appreciation can reduce the cost of imported intermediate goods in local currency through the channel of import cost, which has a positive impact on enterprise performance. For the channel of import competition, the appreciation of exchange rate will reduce the price of imported products. Furthermore, it gives more competitive pressure to the products sold by domestic enterprises, which has a negative impact on the performance of enterprises. At the same time, it also finds that the real effective exchange rate of RMB industry affects the performance of enterprises because of their productivity. Industry concentration, factor density and ownership are different.
【學(xué)位授予單位】:華東理工大學(xué)
【學(xué)位級別】:碩士
【學(xué)位授予年份】:2017
【分類號】:F832.6;F425;F406.7
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