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Research On The Price & Scale Of Non-traded Goods And Its Inhibiting Effect On China's Export

Posted on:2019-06-17Degree:MasterType:Thesis
Country:ChinaCandidate:C WangFull Text:PDF
GTID:2429330566993656Subject:World economy
Abstract/Summary:PDF Full Text Request
China's economic sectors can be divided into tradable sectors and non-tradable ones.The prices of the products from tradable sectors are decided by the international market,whereas the prices of the products from non-tradable sectors depend on the domestic market.If the non-tradable sectors could reach an enough high level of scale and the products? prices were distinctively higher than the tradable divisions,the non-tradable divisions would inhibit economic resources from transferring to the tradable divisions,which would then restrict exporting trade.If the above phenomenon should show in the exporting sectors,then the exporting products? international competitiveness and the growth rate of exporting would be decreased by the growth of the scale and price of the non-tradable goods.On theoretical analysis level,this paper established two theoretical models which preliminarily confirmed that the expansion of the non-tradable goods will eventually inhibit exporting and stimulate importing.The first theoretical model is an economic model based on “Dutch Disease” in a small country with two economic departments.And the second one adds non-tradable price index in the analysis framework of the PPP theory determining RMB exchange rate.In the empirical point of view,this paper carried on the empirical analysis by using China's related data.The empirical results show that the growth of the scale and price of goods from non-tradable sectors has significant inhibitory effect on export growthwith China's GDP,world economy growth and the real RMB exchange rate under control.
Keywords/Search Tags:Tradability, Non-tradable sectors, Non-tradable goods, Export
PDF Full Text Request
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