相对生产率与均衡实际汇率模型——BSH模型对Elbadawi(1994)的扩展  

Relative Production Rate and Real Equilibrium Rate Model: An Extenstion to the Elbadawi(1994) Based on BSH

作　　者：王莉[1] 李勇[1] 

机构地区：[1]西北大学经济管理学院,陕西西安710069

出　　处：《西北大学学报（哲学社会科学版）》2013年第3期124-129,共6页Journal of Northwest University：Philosophy and Social Sciences Edition

基　　金：陕西省教育厅科研基金项目(12JK0127)

摘　　要：通过重新考察Elbadawi(1994)模型中吸收率的决定因素,认为Elbadawi(1994)模型只是从需求角度对吸收率的决定因素进行了论证。因而从供给角度运用Balassa-Samulson模型对Elbadawi(1994)模型做了改进,引入生产率因素,解决吸收率的内生决定机制。在此基础上,根据均衡分析的思路,得出均衡吸收率的决定因素,从而证明了相对生产率与Elbadawi(1994)的相容性,为均衡汇率的测算提供了理论基础。同时,基于BEER通过1980—2010年的季度数据对人民币均衡实际汇率进行了测算,证实了扩展的Elbadawi(1994)相对于其他模型的优越性。This paper reconsiders the decisive factor of absorb rate in Elbadawi（ 1994 ）, and thinks that Elbadawi （1994） only proved the decisive factor of absorb rate in demand term. Hence, this paper , by making use of Balas- sa-Samuelson model in terms of supply makes improvement to the Elbadawi（1994）. Therefore, the production rate can be allowed to go into the new model, which solves the endogenous mechanism of the absorb rate. Apart from this, based on the equilibrium analysis, this paper proves the decisive factor of equilibrium absorb rate and compat- ibility between relative production rate and Elbadawi（ 1994）, which has vlaid the new theoretic foundation to the calculation of equilibrium exchange rate. At the same time, according to the BEER, this paper calculates the real equilibrium exchange rate and its misalignment which shows better statics result and more accuracy.

关 键 词：均衡实际汇率 相对生产率 开放经济 均衡汇率理论 

分 类 号：F830.9[经济管理—金融学]