Does Appreciation of the RMB Decrease Imports to the US from China?

Miaojie Yu ()
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Miaojie Yu: Peking University

Chapter Chapter 1 in Exchange Rate, Credit Constraints and China’s International Trade, 2021, pp 1-29 from Springer

Abstract: Abstract In 2005, China abated its fixed exchange rate against the US dollar and began to appreciate the Renminbi (RMB). In this chapter, I explore the effect of the appreciation of the RMB on imports to the United States (US) from China by augmenting the gravity model with the exchange rate. Using an industrial panel data set during the period 2002–2008 and controlling for the endogeneity of the bilateral exchange rate, this extensive empirical analysis suggests that the appreciation of the RMB against the US dollar significantly reduced imports to the US from China. This finding is robust to a variety of econometric methods and to coverage in different periods.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-15-7522-8_1

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DOI: 10.1007/978-981-15-7522-8_1

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