摘要
在全球价值链迅速发展的背景下,由于传统的实际有效汇率测算方法不考虑中间产品贸易,因此已不能准确评估一国的出口竞争力。基于此,对新的基于全球价值链的实际有效汇率的两种测算方法即基于任务的实际有效汇率和基于产品的实际有效汇率进行了比较分析与中国的经验测算。结果表明。基于全球价值链的人民币实际有效汇率与传统实际有效汇率差异明显,后者严重低估了中国在1999~2008年间竞争力的恶化。此外,人民币实际有效汇率升值将显著减少中国的净出口贸易,基于任务的实际有效汇率的影响更明显。
With the rapid growth of global value chain,conventional REER is no longer able to accurately assess export competiveness of a country in the world because the calculation does not take into account trade of intermediates. Against this background,this paper does a comparative analysis of the two new REER measures based on global value chain,i. e.,REER-in-Tasks and REERin-Goods,and applies them to China. It turns out that the Renminbi( RMB) REER based on the global value chain is significantly different from conventional REER which severely underestimates the deterioration of China's competitiveness in the period of 1999 ~ 2008. In addition,the appreciation of RMB REER,especially the REER-in-Tasks,will significantly reduce China' s net exports.
出处
《世界经济研究》
CSSCI
北大核心
2015年第2期43-51,128,共9页
World Economy Studies