行业汇率、销售规模与制造业生产率
文章摘要:汇率持续波动在长期内必然对一国的行业生产率产生影响。本文根据汇率与生产率的理论关系,对中国工业制造业27个行业1998~2011年行业实际汇率进行测算,进而实证持续汇率波动对中国制造业生产率的影响,初步得出:近十多年来,中国行业实际汇率整体呈上升趋势,但行业间分化明显;在汇率升值导致出口份额可能下降的同时,低效率企业的退出使生存下来的企业销售收入和市场规模扩大,规模经济效应有助于企业降低生产成本和提高资本使用效率,进而促进企业生产率提高;而影响... 展开
Abstract:Exchange rate fluctuations are bound to have an impact on the productivity of a country’s industry.In the long term,according to the theory of the relationship between exchange rate and productivity,The paper calculates China’s 27 manufacturing industries real exchange rate during 1998-2011,over the past ten years,the real exchange rate rises on the whole,but exists clear differentiation between industries;Exchange rate apprec... 展开