关键词: 汇率变动 , 工业产业结构 , 向量自回归

Abstract:

In the context of economic globalization acceleration, studies of the impact of exchange rate variability induced by changes in exchange rate regimes on industrial structure in open economies have significant implications for implementing further reform and openingup strategies in China We intend to examine the relationship between exchange rate variability and industrial structure dynamics in the context of institutional change in transitional China This study uses VAR models to analyze the short term and the long term effects of exchange rate variability on industrial structure change, based on the industrial sector in 2003—2012 The results show that an increase in exchange rate flexibility improves industrial structure in terms of factor intensity while an exchange rate appreciation will have negative effects on industrial structure change.

Key words: exchange rate variability , industrial structure , VAR