Exploring Factors Affecting Choice of Currency for Pricing and Settlement in International Trade

Shanshan Wang, Zhangwen Li, Boxuan Zhan
{"title":"Exploring Factors Affecting Choice of Currency for Pricing and Settlement in International Trade","authors":"Shanshan Wang, Zhangwen Li, Boxuan Zhan","doi":"10.1145/3537693.3537704","DOIUrl":null,"url":null,"abstract":"The purpose of this paper is to explore the factors affecting the choice of currency pricing and settlement in international trade, and to find practical policy recommendations to increase the proportion of RMB as pricing and settlement currency. Based on the perspective of micro-enterprises, this paper chooses centrifugal pumps, vacuum pumps and display models which belong to manufacturing industry for empirical analysis. There are different products in terms of market competitiveness, Chinese enterprises’ market share and product differentiation. The data of industrial enterprises producing these three kinds of products from 2011 to 2012 is matched with customs data for regression analysis. The least square method is used to empirically test the influencing factors of currency pricing and settlement choice. The results show that: Firstly, the effects of intermediate input cost, present gross product price and a number of employees on the choice of currency pricing and settlement are positive and significant. Secondly, product heterogeneity, enterprise nature and trade mode have no significant positive impact on the choice of currency pricing and settlement. Because the number of products and sample selection is too small, product heterogeneity, enterprise nature and trade mode are not significant.","PeriodicalId":71902,"journal":{"name":"电子政务","volume":"114 1","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2022-04-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"电子政务","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1145/3537693.3537704","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0

Abstract

The purpose of this paper is to explore the factors affecting the choice of currency pricing and settlement in international trade, and to find practical policy recommendations to increase the proportion of RMB as pricing and settlement currency. Based on the perspective of micro-enterprises, this paper chooses centrifugal pumps, vacuum pumps and display models which belong to manufacturing industry for empirical analysis. There are different products in terms of market competitiveness, Chinese enterprises’ market share and product differentiation. The data of industrial enterprises producing these three kinds of products from 2011 to 2012 is matched with customs data for regression analysis. The least square method is used to empirically test the influencing factors of currency pricing and settlement choice. The results show that: Firstly, the effects of intermediate input cost, present gross product price and a number of employees on the choice of currency pricing and settlement are positive and significant. Secondly, product heterogeneity, enterprise nature and trade mode have no significant positive impact on the choice of currency pricing and settlement. Because the number of products and sample selection is too small, product heterogeneity, enterprise nature and trade mode are not significant.
影响国际贸易计价结算货币选择的因素探讨
本文的目的是探讨影响国际贸易中货币定价结算选择的因素,并为提高人民币作为定价结算货币的比例找到切实可行的政策建议。本文基于微观企业视角,选取了属于制造业的离心泵、真空泵和显示模型进行实证分析。在市场竞争力、中国企业的市场占有率和产品差异化方面存在着不同的产品。将生产这三种产品的工业企业2011 - 2012年的数据与海关数据进行匹配回归分析。采用最小二乘法对货币定价与结算选择的影响因素进行实证检验。结果表明:第一,中间投入成本、现行生产总值价格和员工数量对货币定价和结算选择的影响是显著的。其次,产品异质性、企业性质和贸易方式对货币定价结算选择没有显著的正向影响。由于产品数量和样本选择过少,产品异质性、企业性质和贸易方式不显著。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
求助全文
约1分钟内获得全文 求助全文
来源期刊
自引率
0.00%
发文量
4246
期刊介绍:
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
确定
请完成安全验证×
copy
已复制链接
快去分享给好友吧!
我知道了
右上角分享
点击右上角分享
0
联系我们:info@booksci.cn Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。 Copyright © 2023 布克学术 All rights reserved.
京ICP备2023020795号-1
ghs 京公网安备 11010802042870号
Book学术文献互助
Book学术文献互助群
群 号:481959085
Book学术官方微信