中国劳动生产率对人民币实际汇率的影响研究——巴拉萨-萨缪尔森效应的中国再考察  

A Study on the Impact of China's Labor Productivity on the Real Exchange Rate of RMB——Re-Examination of China by Balassa-Samuelson Effect

作　　者：李智深 盛樱波 LI Zhi-shen;SHENG Ying-bo(University of Chinese Academy of Social Sciences,102488,Beijing,China)

机构地区：[1]中国社会科学院大学,北京102488

出　　处：《特区经济》2020年第7期89-92,共4页Special Zone Economy

摘　　要：本文基于巴拉萨-萨缪尔森效应假说构建了劳动生产率对于本国货币实际汇率的影响传导模型。为验证劳动生产率对于人民币实际汇率的传导机制,通过使用1987—2017年全国30个省市的面板数据,采用固定效应模型和系统GMM模型进行实证研究。结果表明,中国劳动生产率对人民币实际汇率呈显著正相关,其影响途径是通过巴拉萨-萨缪尔森效应,从而证实了巴拉萨-萨缪尔森效应在中国的适用性。Based on the Balassa-Samuelson effect hypothesis,this paper constructs a transmission model of the impact of labor productivity on the real exchange rate of domestic currencies.In order to verify the transmission mechanism of labor productivity to the real exchange rate of RMB,empirical research was carried out by using panel data of 30 provinces and cities nationwide from 1987 to 2017,using a fixed effect model and a systematic GMM model.The results show that China's labor productivity has a significant positive correlation with the real exchange rate of the RMB,and its impact is through the Balassa-Samuelson effect,thereby confirming the applicability of the Balassa-Samuelson effect in China。

关 键 词：巴拉萨-萨缪尔森效应 劳动生产率 人民币实际汇率 

分 类 号：F740.3[经济管理—国际贸易]