Rural-led exchange rate appreciation in China

Menzies, G; Xiao, SX; Dixon, P; Peng, X; Rimmer, M

Rural-led exchange rate appreciation in China

Menzies, G

Xiao, SX Dixon, P Peng, X Rimmer, M

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Publication Type:: Journal Article
Citation:: China Economic Review, 2016, 39 pp. 15 - 30
Issue Date:: 2016-07-01

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Field	Value	Language
dc.contributor.author	Menzies, G https://orcid.org/0000-0003-4133-2282	en_US
dc.contributor.author	Xiao, SX	en_US
dc.contributor.author	Dixon, P	en_US
dc.contributor.author	Peng, X	en_US
dc.contributor.author	Rimmer, M	en_US
dc.date.available	2020-05-25T19:27:11Z
dc.date.issued	2016-07-01	en_US
dc.identifier.citation	China Economic Review, 2016, 39 pp. 15 - 30	en_US
dc.identifier.issn	1043-951X	en_US
dc.identifier.uri	http://hdl.handle.net/10453/48758
dc.description.abstract	© 2016 Elsevier Inc. The departure of a factor in excess supply in a non-traded rural sector leads to a Rural-led Exchange Rate Real Appreciation (RERA), in a dual economy setup. The RERA highlights for the first time a potential link between intra-national factor movements and real exchange rates. In China, where there is excess labor employed in the production of (largely) non-traded rural goods, we attribute around one third of the recent appreciation of the real exchange rate - defined as the relative price of nontradables - to a RERA effect.	en_US
dc.relation.ispartof	China Economic Review	en_US
dc.relation.isbasedon	10.1016/j.chieco.2016.03.001	en_US
dc.subject.classification	Economics	en_US
dc.title	Rural-led exchange rate appreciation in China	en_US
dc.type	Journal Article
utslib.citation.volume	39	en_US
utslib.for	140210 International Economics and International Finance	en_US
utslib.for	140212 Macroeconomics (incl. Monetary and Fiscal Theory)	en_US
utslib.for	14 Economics	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
pubs.organisational-group	/University of Technology Sydney/Faculty of Business/Economics Discipline
utslib.copyright.status	open_access
pubs.publication-status	Published	en_US
pubs.volume	39	en_US

Abstract:

© 2016 Elsevier Inc. The departure of a factor in excess supply in a non-traded rural sector leads to a Rural-led Exchange Rate Real Appreciation (RERA), in a dual economy setup. The RERA highlights for the first time a potential link between intra-national factor movements and real exchange rates. In China, where there is excess labor employed in the production of (largely) non-traded rural goods, we attribute around one third of the recent appreciation of the real exchange rate - defined as the relative price of nontradables - to a RERA effect.

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10453/48758