产品复杂性与汇率弹性的关系:来自中国制造业的证据

IF 1 Q4 DEVELOPMENT STUDIES

Asian Development Review Pub Date : 2021-01-01 DOI:10.1142/s0116110521500037

Willem Thorbecke, Chen Chen, Nimesh Salike

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引用次数: 2

摘要

更复杂的产品在国际贸易中的可替代性更小，因此价格弹性可能更低。我们使用960种从中华人民共和国到190个伙伴经济体的制成品出口来调查这一问题，按协调制度4位数分类。我们使用Hidalgo和Hausmann(2009)的产品复杂性指数来衡量复杂性。我们发现，对于更复杂的商品，价格弹性较低。这些结果意味着中国可以通过升级其出口篮子来减少其出口商对关税、贸易战和汇率波动的敞口。

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The Relationship between Product Complexity and Exchange Rate Elasticities: Evidence from the People’s Republic of China’s Manufacturing Industries

More complex products are less substitutable in international trade and may therefore have lower price elasticities. We investigate this issue using 960 types of manufactured exports from the People’s Republic of China (PRC) to 190 partner economies disaggregated at the Harmonized System 4-digit level. We measure complexity using Hidalgo and Hausmann’s (2009) product complexity index. We find that price elasticities are lower for more complex goods. These results imply that the PRC can reduce its exporters’ exposure to tariffs, trade wars, and exchange rate volatility by upgrading its export basket.

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来源期刊

Asian Development Review Social Sciences-Development

CiteScore

2.30

自引率

0.00%

发文量

审稿时长

53 weeks

期刊介绍： The Asian Development Review is a professional journal for disseminating the results of economic and development research carried out by staff and resource persons of the Asian Development Bank (ADB). The Review stresses policy and operational relevance of development issues rather than the technical aspects of economics and other social sciences. Articles are refereed and intended for readership among economists and social scientists in government, private sector, academia, and international organizations.