An Empirical Analysis of RMB Exchange Rate changes impact on PPI of China

DOI

10.2991/icemeet-16.2017.74How to use a DOI?

Keywords

PPI, exchange rate, co-integration relationship, Granger causality test.

Abstract

This article selected monthly data of PPI and Nominal Effective Exchange Rate from 2010 to 2014, the former was regarded as interpreted variable and the later was explanatory variable. And then this paper utilize a series of econometric model such as unit root test, co-integration regression test and Granger causality test to certify whether NEER can influence the trend of PPI. As a result, NEER really can affect the trail of PPI, and is the Granger cause of it. Moreover, there exist co-integration relationship and error correction mechanism between them.

Copyright

© 2017, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Chao Li
AU  - Yonghua Yang
PY  - 2017/01
DA  - 2017/01
TI  - An Empirical Analysis of RMB Exchange Rate changes impact on PPI of China
BT  - Proceedings of the 2016 2nd International Conference on Economics, Management Engineering and Education Technology (ICEMEET 2016)
PB  - Atlantis Press
SP  - 354
EP  - 359
SN  - 2352-5398
UR  - https://doi.org/10.2991/icemeet-16.2017.74
DO  - 10.2991/icemeet-16.2017.74
ID  - Li2017/01
ER  -