How responsive are Chinese exports to exchange rate changes? Evidence from firm-level data
Article
Zhang, X. and Liu, X. 2012. How responsive are Chinese exports to exchange rate changes? Evidence from firm-level data. Journal of Development Studies. 48 (10), pp. 1489-1504. https://doi.org/10.1080/00220388.2012.663903
Type | Article |
---|---|
Title | How responsive are Chinese exports to exchange rate changes? Evidence from firm-level data |
Authors | Zhang, X. and Liu, X. |
Abstract | This article examines the impact of exchange rate changes on Chinese firms’ decisions on export market entry and export share. Using a large dataset for Chinese firms in 2000-2006, we find that changes in exchange rate levels play a significant role on both export extensive and intensive margins of Chinese firms. Compared to studies using macro data, our firm-level analysis allows us to control for firm and industry heterogeneity. Firm size and location matter. We do not find a difference between foreign and domestic firms in responding to exchange rate changes. Industry heterogeneity is also found to be important. |
Publisher | Taylor and Francis |
Journal | Journal of Development Studies |
ISSN | 0022-0388 |
Publication dates | |
2012 | |
Publication process dates | |
Deposited | 20 Mar 2013 |
Output status | Published |
Digital Object Identifier (DOI) | https://doi.org/10.1080/00220388.2012.663903 |
Language | English |
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