j.1467-9701.2009.01184.x[1](21)

人民币 汇率 升值 经济影响 进出口贸易

40SITC7

JUTHATHIPJONGWANICH

Adj-R2¼0.73;S.E.ofregression¼0.04;LM(1)¼0.43(p¼0.52);LM(2)¼0.98(p¼0.39);ARCH¼1.46(p¼0.23);J-B¼0.99(p¼0.61)

Notes:t-Ratiosaregiveninparentheses:*Signi cantatthe5percentlevel;**Signi cantatthe10percentlevel;***Signi cantatthe15percentlevel.preferstop-value.TE¼thetotalmerchandiseexports,ME¼themanufacturingexports,SITC7¼theSITC7exports,RER¼realeffectiveexchangerate,WD¼worlddemand,PC¼productioncapacity,FDI¼netforeigndirectinvestmentin ows,OTH¼manufacturingexportsofSITC5,6and8.

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Ó2009TheAuthor

JournalcompilationÓBlackwellPublishingLtd.2009