Influences of RMB Real Effective Exchange Rate Changes on China’s Agricultural Exports Provincial Regional Structure
JIANG Zhi-qiang1, LIU Zhong-qin2
1.School of Economics and Management, Huaiyin Institute of Technology, Huai’an 223003, China; 2.College of Economics and Management, Shenyang Agricultural University, Shenyang 110866, China
Abstract:
Based on the calculation of in RMB real effective exchange rate the agricultural product export of our country, this paper uses data of the third quarter of 2005 to the fourth quarter of 2011 as a research sample and establishes a model to analyze the influence of RMB real effective exchange rate on China’s exports of agricultural products regional structure. The empirical results show that RMB real effective exchange rate has different effects on China’s main agricultural product export provinces. If there is 1% appreciation of RMB, the agriculture product export of Shandong, Guangdong, Fujian, Zhejiang and Jiangsu will then respectively decrease 1.37%, 2.26%, 3.07%, 0.68% and 1.64%. At the same time, the agriculture products export of Liaoning province and Beijing will increase respectively 0.2% and 2.35%. However, RMB real effective exchange rate has no significant effect on the agricultural exports of Shanghai.