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Liang, Wenquan - 2020

combine to restrict workers' location decisions. Using an equilibrium sorting model and rich micro data from China, we … regional inequality by moving workers from unproductive inland regions to productive coastal regions in China; such welfare and …

Persistent link: https://www.econbiz.de/10012481191

The Chinese Economies in Global Context : The Integration Process and Its Determinants

Cheung, Yin-Wong - 2003

The linkages between the People's Republic of China (PRC) and the other Chinese economies of Hong Kong and Taiwan are …

Persistent link: https://www.econbiz.de/10012468647

Estimating Currency Misalignment Using the Penn Effect : It’s Not as Simple As It Looks

Cheung, Yin-Wong - 2016

We investigate the strength of the Penn effect in the most recent version of the Penn World Tables (PWTs). We find that the earlier findings of a Penn effect are confirmed, but that there is some evidence for nonlinearity. Developed and developing countries display different types of nonlinear...

Persistent link: https://www.econbiz.de/10012456140

Capital Account Policies and the Real Exchange Rate

Jeanne, Olivier - 2012

This paper presents a simple model of how a small open economy can undervalue its real exchange rate using its capital account policies. The paper presents several properties of such policies, and proposes a rule of thumb to assess their welfare cost. The model is applied to an analysis of...

Persistent link: https://www.econbiz.de/10012460256

Ownership Characteristics, Real Exchange Rate Movements and Labor Market Adjustment in China

Mao, Risheng - 2011

This paper uses a firm level multi-industry data set covering 456 Chinese manufacturing sectors to assess the implications of Renminbi (RMB) real exchange rate appreciation for adjustments in employment and wage rates. We stress differences in both industry and firm characteristics within...

Persistent link: https://www.econbiz.de/10012461093

China's Current Account and Exchange Rate

Cheung, Yin-Wong - 2009

manufacturing capital stock is accounted for. Thus, the China-US trade balance should respond to real exchange rate and relative …

Persistent link: https://www.econbiz.de/10012463974

Pitfalls in Measuring Exchange Rate Misalignment : The Yuan and Other Currencies

Cheung, Yin-Wong - 2008

We evaluate whether the Renminbi (RMB) is misaligned, relying upon conventional statistical methods of inference. A framework built around the relationship between relative price and relative output levels is used. We find that, once sampling uncertainty and serial correlation are accounted for,...

Persistent link: https://www.econbiz.de/10012464479

The Real Exchange Rate, Mercantilism and the Learning by Doing Externality

Aizenman, Joshua - 2008

This paper examines the degree to which the learning by doing externality [LBD] calls for an undervalued exchange rate, a policy suggested by recent empirical studies which concluded that mildly undervalued real exchange rate may enhance growth. We obtain mixed results. For an economy where LBD...

Persistent link: https://www.econbiz.de/10012464794

The Overvaluation of Renminbi Undervaluation

Cheung, Yin-Wong - 2007

Persistent link: https://www.econbiz.de/10012465806

Are Currency Appreciations Contractionary in China?

Shi, Jianhuai - 2006

worry that RMB appreciations are contractionary thus have negative impact on China's economic growth and employment. The … purpose of this paper is to empirically assess the effects of RMB real exchange rate on China's output. The econometric … decline in China's output, suggesting that RMB appreciations are contractionary, and that (2) once the international finance …

Persistent link: https://www.econbiz.de/10012466112