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Output and Real Exchange Rate in Developing Countries: Evidence from China
Xingang Huan,Yugang He 한국유통과학회 2017 The Journal of Industrial Distribution & Business( Vol.8 No.5
Purpose - The purpose of this paper is to analyze the relationship between the real exchange rate and the output, which is based on the macroeconomic equilibrium theory in China. Its aim will be to verify whether the change in the real exchange rate has a significant effect on the output or not. Research design, data, and methodology - This study endeavors triestoinvestigatethecorrelationamongeconomicvariablesunder the macroeconomic market (the commodity market and the money market) equilibrium. So, time-series data from 1990 to 2016 is applied to establish a vector auto-regression (VAR) model so as to perform an empirical analysis. Results - The empirical results reveal that an increase in the real exchange rate will result in an increase in the output in the short run. However, the empirical results also indicate that this kind of mechanism cannot work in the long run. Conclusions - The effect of a decrease of real exchange rate on output is significant in the short run. Also, this paper suggests that the total supply and the total demand can promote economic growth. The fiscal and money policy play a significant role in economic growth in China as well.
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A study on the Improvement of Shandong Logistics Park
Ruonan Zhang,Xingang Huan,Taewon Kang 전북대학교 산업경제연구소 2016 아태경상저널 Vol.8 No.1
This study is to investigate how to promote value added logistics activities for Shandong Province of China. the logistics industry will play more and more important role as assistance service in national economy development. Logistics Park is the new format of modern logistics industry, which develops very rapidly by integrating logistics functions to meet the logistics demands of the port, industrial parks and urban development. It may become one of the main forms of the integration of the logistics industry in future. Therefore, the planning and construction of modern logistics park is great significant, promoting China"s industry and the rapid development of the logistics park play intensive, transport convergence and the support of the joint expansion, and enhance logistics services and management levels, and promote regional economic development.
ScienceON
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