Proceedings of the 2018 2nd International Conference on Education Science and Economic Management (ICESEM 2018)

The Impact of RMB Exchange Rate Changes on China's Export Trade to Countries and Regions along the Belt and Road

Authors
Peizhi Wang, Zhening Yu, Yuhan Zheng
Corresponding Author
Peizhi Wang
Available Online August 2018.
DOI
https://doi.org/10.2991/icesem-18.2018.207How to use a DOI?
Keywords
The "Belt and Road" initiative; RMB exchange rate; Export trade; Income level
Abstract

Based on the panel data of 45 countries along the Belt and Road from 2010 to 2016, this paper analyzes the impact of RMB exchange rate changes on China's export trade by means of the OLS hybrid regression, panel fixed effect model and dynamic panel GMM model. And the findings show that the dynamic panel GMM model is more reasonable, which means that China's export trade to countries and regions along the Belt and Road will be affected by the previous export, and the appreciation of the RMB exchange rate and the increase in volatility will have a negative impact on China’s exports to countries and regions along the Belt and Road. Moreover, both the differential GMM model and the system GMM model are adopted to analyze the three-component sample of the free trade zone, and it is found that the income level of the foreign countries is the most important factor affecting China's exports to countries and regions along the Belt and Road, the increase in income levels of low-income countries and regions such as ASEAN will make China's export trade to these countries larger than the EU and other high-income countries and regions.

Copyright
© 2018, 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/).

Download article (PDF)

Volume Title
Proceedings of the 2018 2nd International Conference on Education Science and Economic Management (ICESEM 2018)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
August 2018
ISBN
978-94-6252-557-3
ISSN
2352-5398
DOI
https://doi.org/10.2991/icesem-18.2018.207How to use a DOI?
Copyright
© 2018, 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/).

Cite this article

TY  - CONF
AU  - Peizhi Wang
AU  - Zhening Yu
AU  - Yuhan Zheng
PY  - 2018/08
DA  - 2018/08
TI  - The Impact of RMB Exchange Rate Changes on China's Export Trade to Countries and Regions along the Belt and Road
BT  - Proceedings of the 2018 2nd International Conference on Education Science and Economic Management (ICESEM 2018)
PB  - Atlantis Press
SP  - 885
EP  - 889
SN  - 2352-5398
UR  - https://doi.org/10.2991/icesem-18.2018.207
DO  - https://doi.org/10.2991/icesem-18.2018.207
ID  - Wang2018/08
ER  -