Abstract Using the Chinese manufacturing firm-level panel data from 1999-2007, and dynamic panel data model, considering the effect of firms’ TFP, this paper estimates the effects of RMB real effective exchange rate(REER) on export revenues of Chinese enterprises from different areas. The results show that one percent RMB appreciation of REER reduces export revenues of the eastern, central, western and northeast areas by 4.73%、3.93%、3.76 and 3.96% separately. Furthermore,one standard deviation increase in TFP raises these numbers to 4.68%、3.88%、3.72 and 3.93%, then the higher the TFP of the firm, the smaller the exchange rate elasticity of exports, and the smaller the effect of exchange rate on exports. So, when the exchange rate changes, the firms located in the east with low productivity are most affected, while the firms located in the west with high productivity are least affected.
CHEN Ting. The Influence of Exchange Rate Volatility on Regional Exports ——Based on the Perspective of Heterogenous-firm. Economic Survey, 2014, 31(5): 056.
2014, Vol. 31 
