| Popis: |
It is an empirical analysis of whether RMB real effective exchange rate (REER) can influence China’s tea export value and how, using least square method and error correction model to establish long-term and short-term equilibrium relationships among variables on the basis of unit root test, autocorrelation test and co-integration test. The empirical results show that RMB appreciation can increase China’s tea export value in the short term, but decrease in the long term; the average price rise of China’s tea export can increase the tea export either in the long term or short; US consumer price index (CPI) rise can increase China’s tea export in the long term, but decrease in the short term; China’s manufacturing purchasing managers index (PMI) for China economic climate can also accelerate China’s tea export. But all the influences are not significant |
