【摘要】：本文采用工業(yè)企業(yè)實際產(chǎn)出數(shù)據(jù)估計企業(yè)成本加成率,結(jié)合細分制造業(yè)實際有效匯率指數(shù),考察了實際匯率變化對行業(yè)內(nèi)部企業(yè)成本加成離散度的影響。研究表明:(1)實際匯率變化會對企業(yè)成本加成離散度產(chǎn)生顯著影響。人民幣實際有效匯率升值(貶值)會顯著提升(降低)資源配置效率。(2)人民幣升值通過出口開放渠道會顯著增加持續(xù)性企業(yè)成本加成離散度,但升值通過進口競爭和進口中間品渠道會顯著加快企業(yè)進入和退出的比率,從而會顯著降低行業(yè)的成本加成離散度;實際匯率變動通過改變企業(yè)進入退出方式對資源配置效率的影響作用更大。(3)實際匯率變動的影響具有不對稱性,人民幣貶值相對升值對資源配置效率的影響作用更大。
[Abstract]:In this paper, the actual output data of industrial enterprises are used to estimate the cost addition rate of enterprises, and combined with the actual effective exchange rate index of subdivision manufacturing industry, the influence of the change of real exchange rate on the cost addition dispersion of enterprises within the industry is investigated. The results show that: (1) the change of real exchange rate has a significant effect on the cost addition dispersion. RMB real effective exchange rate appreciation (depreciation) will significantly improve (reduce) the efficiency of resource allocation. (2) RMB appreciation through export opening channels will significantly increase the cost plus dispersion of persistent enterprises. However, appreciation through import competition and import intermediates channels will significantly accelerate the ratio of entry and exit of enterprises, thus significantly reducing the cost addition dispersion of the industry; The effect of real exchange rate change on resource allocation efficiency is greater by changing enterprise entry and exit mode. (3) the effect of real exchange rate change has asymmetry, and the relative appreciation of RMB depreciation has more influence on resource allocation efficiency.
【作者單位】： 中國社會科學院世界經(jīng)濟與政治研究所;浙江大學;荷蘭瓦格寧根大學;
【分類號】：F275.3;F832.6
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本文編號：2418099