j.1467-9701.2009.01184.x[1](15)

人民币 汇率 升值 经济影响 进出口贸易

34JUTHATHIPJONGWANICH

TheimportanceoftheproductioncapacityvariableandFDI,particularlyinthelongrun,indicatesthattomaintainacountry’scompetitiveness,itspolicyemphasisshouldbeshiftedtowardsstrengtheningsupply-sidefactors.Theseincludetheimportanceofimprovementsinbusinessinvestmentclimatesthroughincreasedlegalcertaintyandstrengthenedgovernancetoenforcecontracts,toprotectintellectualproperty,andtoensurethatproductstandardsaremet.

APPENDIX:FULLREGRESSIONRESULTS

1.ThePeople’sRepublicofChinaTotalMerchandiseExports

Adj-R2¼0.92;S.E.ofregression¼0.04;LM(1)¼0.24(p¼0.63);LM(2)¼0.40(p¼0.67);ARCH¼0.41(p¼0.53);J-B¼0.30(p¼0.86)ManufacturingExports

Adj-R2¼0.92;S.E.ofregression¼0.04;LM(1)¼0.84(p¼0.36);LM(2)¼0.29(p¼0.75);ARCH¼0.007(p¼0.93);J-B¼0.72(p¼0.70)SITC7

Adj-R2¼0.92;S.E.ofregression¼0.04;LM(1)¼0.84(p¼0.36);LM(2)¼0.28(p¼0.75);ARCH¼0.79(p¼0.38);J-B¼0.19(p¼0.91)

Ó2009TheAuthor

JournalcompilationÓBlackwellPublishingLtd.2009