摘要
为验证中国是否存在HLM效应,构建一个以国内生产总值增长率、人民币汇率和贸易条件为解释变量,以经常账户为被解释变量,反映中国国际收支经常账户受贸易条件影响的结构模型。实证结果表明,贸易条件与经常账户之间存在强烈的正相关关系。
In order to verify the existence of HLM effect in China, this paper builds a structural model that GDP growth and RMB exchange rate and terms are considered as the explanatory variable, and current account is considered as the interpreted variables, reflect China＇ s international balance of payments subject to the terms of trade in the current account. Theempirical results show a strong positive correlation exists between the terms of trade and current account.
出处
《对外经贸》
2012年第2期33-35,共3页
FOREIGN ECONOMIC RELATIONS & TRADE
