基于中国微观贸易数据的市场份额与汇率传递研究(5)

2020-02-21 22:57

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Abstract:Based on dimension data by merging China′s Industrial Enterprise Database with China′s Customs Database from year 2000 to 2006, the paper empirically analyzes the impact of market share on China′s export exchange rate pass-through. The research finds that the overall China′s export exchange rate pass-through is as high as 95%; the export market share approximately subjects to Pareto distribution, which means that most small exporters take a small percentage of total export volume, while a few large exporters represent a significant proportion; firms with different market shares have different levels of exchange rate pass-through, export market share has a positive and asymmetrical effect on exchange rate pass-through, and the lower the market share, the lower price; hierarchical regression and non- parametric results show that the impact of market share on exchange rate transmission is asymmetric: the lower the market share, the greater the impact on the exchange rate pass level.

Key words:exchange rate pass-through; market share;

heterogeneous firms (责任编辑:周正)


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