On the Relation between Exchange Rates and Domestic Investment: Asymmetric Evidence from China's 31 Provinces

IF 1 4区经济学 Q3 ECONOMICS

Australian Economic Review Pub Date : 2022-07-01 DOI:10.1111/1467-8462.12479

Guimin Lu, Jungo Baek, Soojoong Nam

引用次数: 1

Abstract

The current paper investigates whether the exchange rate asymmetrically influences domestic investment in China. To this end, the nonlinear autoregressive distributed lag (NARDL) process is applied to investment data disaggregated by China's 31 provinces. We discover that there is evidence that the ups and downs of the yuan have asymmetric impacts on domestic investment for some provinces, though not all, in both the long- and short-run.

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汇率与国内投资的关系:来自中国31个省份的不对称证据

本文主要研究汇率对中国国内投资的非对称影响。为此，本文将非线性自回归分布滞后(NARDL)过程应用于中国31个省份的投资数据。我们发现，有证据表明，在长期和短期内，人民币的涨跌对一些省份(尽管不是全部)的国内投资都有不对称的影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Australian Economic Review ECONOMICS-

CiteScore

1.90

自引率

10.00%

发文量

期刊介绍： An applied economics journal with a strong policy orientation, The Australian Economic Review publishes high-quality articles applying economic analysis to a wide range of macroeconomic and microeconomic topics relevant to both economic and social policy issues. Produced by the Melbourne Institute of Applied Economic and Social Research, it is the leading journal of its kind in Australia and the Asia-Pacific region. While it is of special interest to Australian academics, students, policy makers, and others interested in the Australian economy, the journal also considers matters of international interest.