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The trade destruction effect and trade diversion effect of RMB appreciation

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  • Hongjin Xiang
  • Zheng Zhan
  • Mingyong Lai

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Suggested Citation

  • Hongjin Xiang & Zheng Zhan & Mingyong Lai, 2011. "The trade destruction effect and trade diversion effect of RMB appreciation," Frontiers of Economics in China, Springer;Higher Education Press, vol. 6(3), pages 479-493, September.
    • Handle: RePEc:spr:frecch:v:6:y:2011:i:3:p:479-493
    DOI: 10.1007/s11459-011-0143-3
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    References listed on IDEAS

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    1. Michael Funke & Jörg Rahn, 2005. "Just How Undervalued is the Chinese Renminbi?," The World Economy, Wiley Blackwell, vol. 28(4), pages 465-489, April.
    2. Tang, Tuck Cheong, 2003. "An empirical analysis of China's aggregate import demand function," China Economic Review, Elsevier, vol. 14(2), pages 142-163.
    3. Eric van Wincoop & Philippe Bacchetta, 2000. "Does Exchange-Rate Stability Increase Trade and Welfare?," American Economic Review, American Economic Association, vol. 90(5), pages 1093-1109, December.
    4. Bown, Chad P. & Crowley, Meredith A., 2007. "Trade deflection and trade depression," Journal of International Economics, Elsevier, vol. 72(1), pages 176-201, May.
    5. Hayakawa, Kazunobu & Kimura, Fukunari, 2009. "The effect of exchange rate volatility on international trade in East Asia," Journal of the Japanese and International Economies, Elsevier, vol. 23(4), pages 395-406, December.
    6. Chang, Gene Hsin & Shao, Qin, 2004. "How much is the Chinese currency undervalued? A quantitative estimation," China Economic Review, Elsevier, vol. 15(3), pages 366-371.
    7. Chou, W. L. & Shih, Y. C., 1998. "The Equilibrium Exchange Rate of the Chinese Renminbi," Journal of Comparative Economics, Elsevier, vol. 26(1), pages 165-174, March.
    8. Zhang, Zhichao, 2001. "China's Exchange Rate Reform and Exports," Economic Change and Restructuring, Springer, vol. 34(1-2), pages 89-112.
    9. Johansen, Soren, 1988. "Statistical analysis of cointegration vectors," Journal of Economic Dynamics and Control, Elsevier, vol. 12(2-3), pages 231-254.
    10. BAAK, SaangJoon, 2008. "The bilateral real exchange rates and trade between China and the U.S," China Economic Review, Elsevier, vol. 19(2), pages 117-127, June.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Mario Arturo Ruiz Estrada & Donghyun Park & Muhammad Tahir & Alam Khan, 2018. "How does terrorism affect the international trade of Muslims countries?," Quality & Quantity: International Journal of Methodology, Springer, vol. 52(5), pages 2255-2268, September.

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    More about this item

    Keywords

    RMB appreciation; trade destruction effect; trade diversion effect; cointegration; F14; F26; F31;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F31 - International Economics - - International Finance - - - Foreign Exchange

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