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- W2394432998 abstract "Considering both tradable sector and nontradable sector,we think that depreciation of the real exchange rate will increase the employment of tradable sector,yet decrease that of nontradable sector and its effect on real wages is ambiguous.According to those theoretical results,we conduct cointegration test on the RMB real exchange rate and both employment and real wages of China's those two sectors.The results are: depreciation of RMB will increase employment of tradable sector significantly;but for employment of nontradable sector,there is no significant response to the change of real exchange rate;real wages in both sectors and the RMB real exchange rate appear no cointegration relations.Further,we find that the change of real exchange rate has no effect on the employment structure between tradable sector and nontradable sector.In conclusion,the appreciation of RMB is much more likely to damage the total employment,while depreciation is good for the total employment." @default.
- W2394432998 created "2016-06-24" @default.
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- W2394432998 date "2005-01-01" @default.
- W2394432998 modified "2023-09-25" @default.
- W2394432998 title "The Real Exchange Rate,Wages and Employment——An Empirical Study on China's Tradable Sector and Nontradable Sector" @default.
- W2394432998 hasPublicationYear "2005" @default.
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