摘要
本文借鉴Dornbusch(1987)模型,通过建立投资国-受资国-国际市场的三国框架,分析多国汇率冲击对跨国企业公司内贸易的影响。研究表明:(1)受资国汇率的单边波动对公司内贸易余额的影响取决于汇率的出口数量弹性、价格弹性以及母公司在跨国生产中附加值比重;(2)当投资国和受资国汇率均出现波动时,公司内贸易的综合汇率弹性等于"加权"的单边汇率弹性;(3)市场结构因素在决定汇率对公司内贸易传导效果中起重要作用。
Referenced by Dombusch 1987 model, the paper makes an analysis of exchange rate effect on inwa- firm wade through establishing the three - nation framework. The model indicates that： （ 1 ） the influence of one nation＇ s exchange rate shock on intra - firm trade balance lies on elasticity of exchange rate for MNCs＇ export price and volume and the value- added ratio of parent company; （2） when multi- exchange rate shocks taking into consideration, the total elasticity for intra - firm trade is the ＂weighted＂ one - nation＇ s elasticity for intra - finn trade; （3） market structure plays a more important role in judging the pass - through effect of exchange rate on intra- firm wade balance.
出处
《财经科学》
CSSCI
北大核心
2010年第1期76-82,共7页
Finance & Economics
关键词
汇率波动
公司内贸易
汇率弹性
Exchange Rate Fluctuation
Intra- firm Trade
Elasticity of Exchange Rate
