摘要
本文通过运用协整分析和格兰杰因果关系检验方法对1980-2004年间的外商直接投资与人民币汇率的关系进行了研究,文章认为外商直接投资的增加会导致人民币汇率的升值,其研究结果表明:人民币汇率与外商直接投资之间存在着长期的均衡关系,而且外商直接投资是人民币汇率的格兰杰原因。
This paper uses cointegration method and Granger Causality Testand gives an emprical analysis on the relations between RMB real exchange rate and foreign direct investment from 1980 to 2004 . The apper thought the increase of foreign direct investment can cause the RMB exchange rate revaluation. Finally, the conclusions are as follows： Between the RMB exchange rate and the foreign direct investment has the long-term balanced relation and the foreign direct investment is the Granger reason of the RMB exchange rate .
出处
《特区经济》
北大核心
2006年第12期80-81,共2页
Special Zone Economy
