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当研究所では、アジア研究に携わる研究者を招聘し、AGIセミナーを開催しております。
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日　時

2017年7月11日（火）15:30～17:30

場所

北九州市大手町ビル6階　アジア成長研究所　会議室

参加料

無料

発表者・講演内容

XING, YuQing　政策研究大学院大学 教授

使用言語：発表、資料ともに英語

タイトル：「Rising Wages, Yuan Appreciation and China’s Processing Exports」

Abstract:
This study investigates the impacts of rising wages and the appreciation of the yuan on the structure of China’s exports. China’s exports are classified here as ordinary exports (OE) and two distinctive groups of processing exports, pure assembly exports (PAE) and mixed assembly exports (MAE). The data analyzed here are derived from panel data covering China’s bilateral PAE and MAE trade with more than 100 trading partners from 1993 to 2013. Estimates of fixed effect models show that wage increases and the appreciation of the yuan reduced the proportion of assembly exports in China’s bilateral exports. Specifically, for a 1% increase in Chinese manufacturing wages, the share of PAE in China’s bilateral exports is expected to fall 1.6 percentage points and that of MAE to decrease by 1.1 percentage points; a 1% nominal appreciation of the yuan against the US dollar would be expected to lower PAE and MAE trade volume by 2.4 and 2.1 percentage points, respectively. The empirical results imply that rising wages and cumulative appreciation of the yuan have eroded China’s comparative advantage in the assembly of products for international markets, resulting in substantial contraction of processing exports. The analysis provides a supply-side explanation for the fall of China’s export growth.

更新日：2017年6月29日
カテゴリ：セミナー