本文關(guān)鍵詞：能源稟賦與實(shí)際匯率　出處：《國際金融研究》2017年09期 　論文類型：期刊論文

  更多相關(guān)文章： 能源稟賦 實(shí)際匯率 開放經(jīng)濟(jì)模型 巴拉薩-薩繆爾森效應(yīng) 人民幣

【摘要】：在全球化進(jìn)程中,能源問題一直是各國政治、經(jīng)濟(jì)關(guān)注的焦點(diǎn)�，F(xiàn)有研究多關(guān)注能源價(jià)格與實(shí)際匯率的關(guān)系,而忽視了國家能源稟賦本身對(duì)實(shí)際匯率的影響。本文構(gòu)建了包含能源稟賦要素的兩國三部門開放經(jīng)濟(jì)模型,闡釋了能源稟賦影響實(shí)際匯率的作用機(jī)制。在實(shí)證部分,對(duì)1991—2011年68個(gè)國家的數(shù)據(jù)進(jìn)行面板回歸分析,結(jié)果顯示能源稟賦會(huì)對(duì)實(shí)際匯率產(chǎn)生顯著影響。在控制其他變量影響的情況下,一國能源稟賦越充足,則本幣實(shí)際匯率越高;反之,則越低。此外,本文還驗(yàn)證了實(shí)際匯率的巴拉薩-薩繆爾森效應(yīng)假說。據(jù)此,當(dāng)中國能源進(jìn)口依賴度不斷上升時(shí),人民幣應(yīng)適當(dāng)貶值。
[Abstract]:In the process of globalization, the issue of energy has always been the focus of political and economic concerns of all countries. The current research pays much attention to the relationship between the energy price and the actual exchange rate, but neglects the influence of the national energy endowment on the actual exchange rate. In this paper, an open economy model of the three sector, which includes energy endowments, is constructed, and the mechanism of the effect of energy endowment on the actual exchange rate is explained. In the empirical part, the panel regression analysis of data from 68 countries from 1991 to 2011 shows that the energy endowment will have a significant impact on the actual exchange rate. In the case of controlling the influence of other variables, the greater the energy endowment of a country, the higher the real exchange rate of the local currency, and vice versa. In addition, this paper also validates the Lhasa Samuelson effect hypothesis of the actual exchange rate. Accordingly, when China's dependence on energy imports is rising, the RMB should be devalued properly.
【作者單位】： 中山大學(xué)嶺南學(xué)院;
【基金】：國家自然科學(xué)基金項(xiàng)目(項(xiàng)目編號(hào):71372146) 廣東省普通高校創(chuàng)新團(tuán)隊(duì)項(xiàng)目(項(xiàng)目編號(hào):2016WCXT001)資助
【分類號(hào)】：F416.2;F831.6
【正文快照】： 引言在工業(yè)化信息化時(shí)代,各國對(duì)資源和能源的需求日益增加。以中國為例,能源消費(fèi)總量從2000年的14.7億噸標(biāo)準(zhǔn)煤增長到2014年的42.6億噸標(biāo)準(zhǔn)煤,年平均增速超過5.4%。當(dāng)前,我國已成為繼美國之后的第一大能源消費(fèi)國,世界第一大石油進(jìn)口國。能源作為一種生產(chǎn)要素,與國家戰(zhàn)略、全球，

本文編號(hào)：1338454