| The Effect of Changes in China's RMB on the Performance of US Manufacturing | |
|---|---|
| 學年 | 100 |
| 學期 | 1 |
| 出版（發表）日期 | 2012-01-01 |
| 作品名稱 | The Effect of Changes in China's RMB on the Performance of US Manufacturing |
| 作品名稱（其他語言） | |
| 著者 | David Kleykamp; David Alexander De Leon Salazar |
| 單位 | 淡江大學經濟學系 |
| 出版者 | 新北市：淡江大學國際研究學院 |
| 著錄名稱、卷期、頁數 | Tamkang Journal of International Affairs=淡江國際研究 15(3) pp.81-141 |
| 摘要 | Considerable controversy surrounds the issue of whether a revaluation of the Chinese currency would help the performance of the US manufacturing sector. It is felt by some that China's currency policies have been in part responsible for eliminating manufacturing jobs in the US, while placing downward pressure on manufacturing wages and output growth. This paper assesses these claims by looking at macroeconomic data on US manufacturing employment, output, and real compensation. It is found that the Chinese yuan does have a statistically significant effect on employment and output growth, but these effects are small in magnitude and thus inconsequential. It is also found that increases in the value of the Chinese yuan lower real hourly compensation in US manufacturing by reducing the purchasing power of the vast majority of workers who retain their jobs. The general conclusion of the paper is that US officials would be better advised to seek market opening initiatives, since exports are found to have a consistently stronger effect on manufacturing performance than general movements in the RMB. |
| 關鍵字 | Chinese Yuan;RMB;Manufacturing;Deindustrialization;Productivity |
| 語言 | en |
| ISSN | 1027-4979 |
| 期刊性質 | 國外 |
| 收錄於 | |
| 產學合作 | |
| 通訊作者 | |
| 審稿制度 | |
| 國別 | TWN |
| 公開徵稿 | |
| 出版型式 | 電子版 |
| 相關連結 |
機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/80085 ) |
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