人民币 汇率 升值 经济影响 进出口贸易

TABLE3TheRERCoef cientsinEightEastandSoutheastAsianCountries

Long-runCoef cient

Manufacturing

(ME)

0.69*1.44**0.65*––0.89()2)***0.18*0.33()3)***0.61*0.72*0.48*––0.53()2)**0.14*–0.50**4.52*1.48*–1.17*–0.70*–0.50**2.15*1.37*–0.14***–0.39***–(SITC7)(ME)SITC7TotalMerchandise(TE)ManufacturingSITC7

(SITC7)

–0.97*1.06*–––––

Short-runCoef cient

Ó2009TheAuthor

JournalcompilationÓBlackwellPublishingLtd.2009

TotalMerchandise(TE)

PRCIndonesiaMalaysiaPhilippinesKoreaSingaporeThailandTaipei,China0.60*1.17*0.64*0.20**1.12*–0.34*0.38()3)**

Notes:Thevaluesintheparenthesesshowthelagperiodofthesigni cance.*Signi cantatthe5percentlevel;**Signi cantatthe10percentlevel;***Signi cantatthe15percentlevel.

EXPORTPERFORMANCEINEASTANDSOUTHEASTASIA

Source:Authorestimates.

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