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Exchange Rate Risk and Trade Mode Choice in the Processing Trade: Evidence from Chinese Data
https://agi.repo.nii.ac.jp/records/182
https://agi.repo.nii.ac.jp/records/182ea9b7d91-28e7-4447-a1a6-70af8dec5fa4
| 名前 / ファイル | ライセンス | アクション |
|---|---|---|
WP2019-09 (792.6 kB)
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| Item type | ワーキングペーパー/Working Paper(1) | |||||
|---|---|---|---|---|---|---|
| 公開日 | 2019-11-12 | |||||
| タイトル | ||||||
| タイトル | Exchange Rate Risk and Trade Mode Choice in the Processing Trade: Evidence from Chinese Data | |||||
| 言語 | en | |||||
| 言語 | ||||||
| 言語 | eng | |||||
| キーワード | ||||||
| 言語 | en | |||||
| 主題Scheme | Other | |||||
| 主題 | exchange rate risk | |||||
| キーワード | ||||||
| 言語 | en | |||||
| 主題Scheme | Other | |||||
| 主題 | trade mode choice | |||||
| キーワード | ||||||
| 言語 | en | |||||
| 主題Scheme | Other | |||||
| 主題 | processing trade | |||||
| キーワード | ||||||
| 言語 | en | |||||
| 主題Scheme | Other | |||||
| 主題 | financial constraint | |||||
| 資源タイプ | ||||||
| 資源タイプ識別子 | http://purl.org/coar/resource_type/c_8042 | |||||
| 資源タイプ | working paper | |||||
| 著者 |
Zhe, Chen
× Zhe, Chen× Hong, Junjie× 孫, 曉男 |
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| 抄録 | ||||||
| 内容記述タイプ | Abstract | |||||
| 内容記述 | This study investigates the impact of exchange rate fluctuations on trade mode choices among assembly firms. Using the Chinese Customs data from 2000 to 2006, we show that exchange rate pass-through (ERPT) depends on which entity is responsible for importing inputs. Relative to passively receiving inputs under pure assembly (PA) mode, foreign invested assembly firms mainly source inputs by themselves through import and assembly (IA) mode and enjoy lower ERPT by doing so. We then relate exchange rate fluctuations to processing mode choices and find that the share of import through PA increases with exchange rate volatilities. This effect is more pronounced for firms in liquidity constrained industries and is mitigated by better local financial development. | |||||
| 言語 | en | |||||
| 書誌情報 |
en : AGI Working Paper Series 巻 2019-09, p. 1-49, 発行日 2019-10 |
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| 著者版フラグ | ||||||
| 出版タイプ | NA | |||||
| 出版タイプResource | http://purl.org/coar/version/c_be7fb7dd8ff6fe43 | |||||
| JEL分類コード | ||||||
| 主題Scheme | Other | |||||
| 主題 | JEL classification: F14, F23, F31 | |||||
