暨南学报(哲学社会科学版)

作者：胡君, 郭平

单位：南京财经大学金融学院讲师;郭平,南京财经大学金融学院讲师。

关键词：实际汇率低估,工业化进程,经济增长

基金：国家自然科学基金项目“贸易政策不确定性对中国出口企业的风险溢出效应与应对策略研究”(71863036);国家社会科学基金项目“金融扩大开放部署下我国金融风险传导及防控研究”(20CJY065);云南省教育厅科学研究基金资助性项目“异质性投资对新能源企业技术研发的微观作用机制与实证研究”(2019ZZX237)。

本文基于两部门模型,构建实际汇率低估影响经济增长的理论框架,并通过对全球179个国家(地区)1970—2017年大型跨国面板数据的实证分析发现,实际汇率低估能够促进经济增长,其影响渠道是通过加快工业部门(可贸易部门)的规模扩张,同时促进劳动力跨部门转移、资本投资与技术进步。然而,实际汇率低估的增长效应会随着工业化进程而逐渐减弱,具体将伴随劳动力剩余减少、金融发展水平提升以及前沿技术差距收敛而弱化。研究结论认为当一国工业化进程尚未触及实际汇率低估不利于经济增长的临界条件,维持实际汇率在适当水平仍然是推动经济增长的重要条件。"/>template{display:none;}.mag-rich-xref-fn { cursor: pointer;}//长视频$(document).ready(function(){if($("#showLongArticleVideo") && $("#showLongArticleVideo").length && $("#showLongArticleVideo").length>0){mag_ajax_update({ele_id:'showLongArticleVideo',url:mag_currentQikanUrl() + "/CN/article/showLongArticleVideo.do?id="+$("#articleId").val()});}});$(document).ready(function(){window.metaData = {"journal":{"issn":"1000-5072","qiKanMingCheng_CN":"暨南学报（哲学社会科学版）","id":2,"qiKanMingCheng_EN":"Jinan Journal"},"fundList_cn":["国家自然科学基金项目“贸易政策不确定性对中国出口企业的风险溢出效应与应对策略研究”(71863036);国家社会科学基金项目“金融扩大开放部署下我国金融风险传导及防控研究”(20CJY065);云南省教育厅科学研究基金资助性项目“异质性投资对新能源企业技术研发的微观作用机制与实证研究”(2019ZZX237)。"],"article":{"keywordList_cn":["工业化进程","经济增长","实际汇率低估"],"juan":"43","zhaiyao_cn":"本文基于两部门模型,构建实际汇率低估影响经济增长的理论框架,并通过对全球179个国家(地区)1970—2017年大型跨国面板数据的实证分析发现,实际汇率低估能够促进经济增长,其影响渠道是通过加快工业部门(可贸易部门)的规模扩张,同时促进劳动力跨部门转移、资本投资与技术进步。然而,实际汇率低估的增长效应会随着工业化进程而逐渐减弱,具体将伴随劳动力剩余减少、金融发展水平提升以及前沿技术差距收敛而弱化。研究结论认为当一国工业化进程尚未触及实际汇率低估不利于经济增长的临界条件,维持实际汇率在适当水平仍然是推动经济增长的重要条件。","endNoteUrl_en":"https://jnxb.jnu.edu.cn/skb/EN/article/getTxtFile.do?fileType=EndNote&id=6538","bibtexUrl_cn":"https://jnxb.jnu.edu.cn/skb/CN/article/getTxtFile.do?fileType=BibTeX&id=6538","abstractUrl_en":"https://jnxb.jnu.edu.cn/skb/EN/Y2021/V43/I5/115","qi":"5","id":6538,"nian":2021,"bianHao":"2021-5-115","zuoZheEn_L":"HU Jun, GUO Ping","juanUrl_en":"https://jnxb.jnu.edu.cn/skb/EN/Y2021","shouCiFaBuRiQi":"2021-10-20","qiShiYe":"115","qiUrl_cn":"https://jnxb.jnu.edu.cn/skb/CN/Y2021/V43/I5","lanMu_cn":"经济高质量发展研究","pdfSize":"1132","zuoZhe_CN":"胡君, 郭平","risUrl_cn":"https://jnxb.jnu.edu.cn/skb/CN/article/getTxtFile.do?fileType=Ris&id=6538","title_cn":"实际汇率低估、工业化进程与经济增长","jieShuYe":"132","keywordList_en":["economic growth","industrialization","real exchange rate undervaluation"],"endNoteUrl_cn":"https://jnxb.jnu.edu.cn/skb/CN/article/getTxtFile.do?fileType=EndNote&id=6538","zhaiyao_en":"Based on the two-sector model, this paper constructs the theoretical framework of the effect of real exchange rate undervaluation on economic growth, and through the empirical analysis of large-scale transnational panel data of 179 countries (regions) from 1970 to 2017. 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