汇率变动对劳动生产率影响的研究——基于2005年中国汇率制度改革的证据

发布时间：2018-04-23 04:04

本文选题：汇率变动 + 劳动生产率　；参考：《国际金融研究》2017年07期

【摘要】：汇率作为开放宏观经济中的重要价格,对贸易依存度较高的中国经济有着深远影响。在经济发展模式转型的背景下,本文基于2005年人民币汇率制度改革来分析和研究汇率变动对劳动生产率的影响,并采取倾向性得分匹配和双重差分的方法来识别汇率变动与劳动生产率间的因果关系,尝试从微观层面揭示汇率在中国经济转型和增长驱动模式转变中扮演的重要角色。本文的研究结果表明,人民币实际升值使得劳动生产率有所提升,能够解释2005年至2007年6.5%的劳动生产率的变化。研究还进一步识别了汇率变动影响劳动生产率的机制,人民币实际升值加剧了竞争程度,竞争的加剧能够通过逃离竞争效应促进劳动生产率的提升。
[Abstract]:Exchange rate, as an important price in open macro economy, has a profound influence on China's economy with high degree of trade dependence. Based on the reform of RMB exchange rate system in 2005, this paper analyzes and studies the impact of exchange rate change on labor productivity under the background of economic development model transformation. The paper also adopts the method of tendency score matching and double difference to identify the causality between exchange rate change and labor productivity, and tries to reveal the important role of exchange rate in the transformation of Chinese economy and the transformation of growth-driven mode from the micro level. The results show that the real appreciation of RMB can improve labor productivity, which can explain the 6.5% change of labor productivity from 2005 to 2007. Furthermore, the mechanism of exchange rate change affecting labor productivity is further identified. The real appreciation of RMB intensifies the degree of competition, and the intensification of competition can promote the improvement of labor productivity by escaping the competition effect.
【作者单位】：武汉大学经济与管理学院;
【基金】：国家自然科学基金项目“法、金融与经济增长之再考察——中国的变革挑战与英国等国的经验”(项目编号:7161101129) 国家社科基金重大项目“人民币加入SDR、一篮子货币定值与中国宏观经济的均衡研究”(项目编号:16ZDA032)资助
【分类号】：F249.22;F832.6

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