人民幣實際匯率的巴拉薩—薩繆爾森假說檢驗.pdf

1、對外經濟貿易大學碩士學位論文人民幣實際匯率的巴拉薩—薩繆爾森假說檢驗姓名：賈薇申請學位級別：碩士專業(yè)：金融指導教師：林桂軍20050501IIIA Test of Balassa- Samuelson Hypothesis of RMB RealExchange RateWei JiaMay 2005AbstractBalassa- Samuelson Hypothesis connects the real

2、 exchange rate and the differenceof the output labor ratio, and connects the relative price of the nontraded products and the traded products. Balassa- Samuelson Hypothesis leads to a conclusio

3、n that there willbe real exchange rate appreciates along with the economy growth. This thesis tests therelationship between the RMB real exchange rate against US dollar and the relativeeconomic growth.

4、The thesis uses the data from 1988 to 2000, and makes the test ofone- year and three- year periods. The thesis finds that there is no Balassa- Samuelson effect on RMB exchange rate at present. The pro

5、per reasons include that the sufficientlabor of China makes wage of nontraded sector increase slow, the export structure isrelatively low and exchange rate can reflect the economy completely because China