2012 | OriginalPaper | Buchkapitel
Impact on Foreign Direct Investment of RMB Real Effective Exchange Rate-—Empirical Analysis Based on Quarterly Data of China
verfasst von : XiaoJun Lu, Lu Chen
Erschienen in: Advances in Future Computer and Control Systems
Verlag: Springer Berlin Heidelberg
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This paper using co-integration theory and error correction model to check the influence of RMB real effective exchange rate on Chinese FDI. The results show that in the long term, there is a co-integration relationship between these two variables and the RMB appreciation will promote the growth of FDI; in the short term, RMB real effective exchange rate doesn’t have a significant effect on FDI. In this regard, this paper proposes the corresponding policy recommendations.