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Appreciation of the renminbi and urban-rural income disparity

Author

Listed:
  • Ping HUA

    () (Centre National de la Recherche Scientifique(CNRS))

  • Sylviane GUILLAUMONT JEANNENEY

    () (Centre d'Etudes et de Recherches sur le Développement International(CERDI))

Abstract

Although poverty has been significantly decreased in China over the last twenty years, this decrease has been highly unequal across the provinces and has brought increased disparity in urban and rural per capita income. We studied the impact of exchange rate policy on urban-rural per capita income, which was marked by strong real depreciation before 1994 followed by moderate appreciation before stabilizing. We concluded that in the inland provinces where poverty is hardest, real appreciation has attenuated disparity whereas real depreciation had accentuated disparity. This result argues for a revaluation of the renminbi.

Suggested Citation

  • Ping HUA & Sylviane GUILLAUMONT JEANNENEY, 2008. "Appreciation of the renminbi and urban-rural income disparity," Working Papers 200824, CERDI.
  • Handle: RePEc:cdi:wpaper:1036
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    References listed on IDEAS

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    1. Guillaumont Jeanneney, S. & Hua, P., 2001. "How does real exchange rate influence income inequality between urban and rural areas in China?," Journal of Development Economics, Elsevier, vol. 64(2), pages 529-545, April.
    2. Sylviane GUILLAUMONT JEANNENEY & Ping HUA, 1999. "Taux de change réel, industrialisation et biais urbain en Chine," Working Papers 199909, CERDI.
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    Cited by:

    1. Jinzhao Chen, 2015. "Interprovincial Competitiveness and Economic Growth: Evidence from Chinese Provincial Data (1992–2008)," Pacific Economic Review, Wiley Blackwell, vol. 20(3), pages 388-414, August.
    2. Jinzhao Chen, 2012. "Real Exchange Rate and Economic Growth: Evidence from Chinese Provincial Data (1992 - 2008)," Working Papers halshs-00667467, HAL.

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