Taux de change réel et productivité en Chine

Sylviane Guillaumont Jeanneney () and HUA Ping ()
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HUA Ping: Centre National de la Recherche Scientifique

No 200636, Working Papers from CERDI

Abstract: This article investigates the impact that the appreciation and the stability of the real exchange rate in China between 1993 and 2001 have exerted on productivity growth. We give theoretical arguments explaining the impact of the real exchange rate on productivity via its effects either on efficiency growth or on technical progress. Then for the twenty-nine Chinese provinces we calculate the growth of the productivity and of its two components, using DEA Malmquist index. Finally we present a panel estimation of productivity growth and we show that the negative effects of the appreciation of the real exchange rate are greater than the positive ones.

Keywords: China; DEA Malmquist index; productivity; real exchange rate (search for similar items in EconPapers)
Date: 2006

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Related works:
Working Paper: Taux de change réel et productivité en Chine (2003)
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Persistent link: http://EconPapers.repec.org/RePEc:cdi:wpaper:848

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