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
TypeArticle
TitleHow responsive are Chinese exports to exchange rate changes? Evidence from firm-level data
AuthorsZhang, 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.
[author's abstract]

PublisherTaylor and Francis
JournalJournal of Development Studies
ISSN0022-0388
Publication dates
Print2012
Publication process dates
Deposited20 Mar 2013
Output statusPublished
Digital Object Identifier (DOI)https://doi.org/10.1080/00220388.2012.663903
LanguageEnglish
Permalink -

https://repository.mdx.ac.uk/item/83y5x

Log in to edit
  • 34
    total views
  • 0
    total downloads
  • 1
    views this month
  • 0
    downloads this month

Export as

Related outputs

Workforce size adjustment as a strategic response to exchange rate shocks: a strategy-tripod application to Chinese firms
He, X., Rizov, M. and Zhang, X. 2022. Workforce size adjustment as a strategic response to exchange rate shocks: a strategy-tripod application to Chinese firms. Journal of Business Research. 138, pp. 203-213. https://doi.org/10.1016/j.jbusres.2021.09.013
Financial constraints and the export decision of Pakistani firms
Qasim, S., Rizov, M. and Zhang, X. 2021. Financial constraints and the export decision of Pakistani firms. International Journal of Finance & Economics. 26 (3), pp. 4557-4573. https://doi.org/10.1002/ijfe.2030
Trade policy review for China: the world's top exporter with "new normal" economic growth
Zhang, X. 2017. Trade policy review for China: the world's top exporter with "new normal" economic growth. The World Economy. 40 (11), pp. 2491-2499. https://doi.org/10.1111/twec.12569
Exports and FDI in China
Zhang, X. and Zhang, J. 2015. Exports and FDI in China. in: Morrissey, O., Lopez, R. and Sharma, K. (ed.) Handbook on Trade and Development Cheltenham, UK and Northampton, MA, USA Edward Elgar Publishing. pp. 398-407
Regional disparities and productivity in China: evidence from manufacturing micro data
Rizov, M. and Zhang, X. 2014. Regional disparities and productivity in China: evidence from manufacturing micro data. Papers in Regional Science. 93 (2), pp. 321-340. https://doi.org/10.1111/pirs.12051
The effect of exchange rates on firm exports and the role of FDI
Greenaway, D., Kneller, R. and Zhang, X. 2012. The effect of exchange rates on firm exports and the role of FDI. Review of World Economics. 148 (3), pp. 425-447. https://doi.org/10.1007/s10290-012-0129-y
Exchange rate uncertainty and export decisions in the UK
Greenaway, D., Kneller, R. and Zhang, X. 2010. Exchange rate uncertainty and export decisions in the UK. Journal of economic integration. 25 (4), pp. 734-753.
The effect of exchange rates on firm exports: the role of imported intermediate inputs.
Greenaway, D., Kneller, R. and Zhang, X. 2010. The effect of exchange rates on firm exports: the role of imported intermediate inputs. World Economy. 33 (8), pp. 961-986. https://doi.org/10.1111/j.1467-9701.2010.01308.x