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Does a correlation exist between the foreign exchange reserves and the exchange rate? : An empirical study of ChinaFANG, Yu, LU, Lili January 2011 (has links)
The main purpose of this study is to investigate relationship between foreign exchange reserves and RMB exchange rate. In order to obtain a precise result, foreign trade situation and GDP are also considered. The monthly data is collected over period 1994 to 2011, and processed through ADF test, Johansen test, and Granger causality test. Final results indicate that there is a long-term equilibrium relationship existing between foreign exchange reserves and RMB exchange rate. Moreover, any changes of foreign exchange reserves would lead to the fluctuation of RMB exchange rate but not vice versa. At last, the dummy variables are added into regression model to test influence from the reform of RMB exchange rate regime. Results suggest that regime reform not only increase flexibility of RMB exchange rate, but also slow down the accumulation of foreign exchange reserves.
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Border Trade in China- A Case Study of Yunnan and HeilongjiangShyi, Jenn-Gwo 16 February 2005 (has links)
In this thesis, I take Yunnan and Heilongjiang as a sample to discuss the border trade in China. I find that there are obvious difference between southern and northern border trade because of the demand and supply of natural resource, the industrial structure, the structure of import and export, the step of economic growth of the neighbor countries, as well as the open policy and the foreign relationship among those countries.
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Import Price Pass-through Into Inflation Indicators In TurkeyYunculer, Caglar 01 September 2009 (has links) (PDF)
This thesis analyzes the pass-through of external factors into consumer and producer prices in Turkey, with a special emphasis on import price pass-through. To this end, pricing along a distribution chain framework is utilized and it is estimated by Vector Auto Regression (VAR) in a sample period of April 2002 to March 2009. Results show that the pass-through of external shocks into producer prices is higher than it is for consumer prices. Compared with the results of previous studies, findings point out that the degree of pass-through has declined recently in Turkey. In addition, it is found that external factors had significant contribution to annual consumer inflation between 2006 and 2008. Nevertheless, even the contributions of external shocks are excluded, year-end inflation targets would not have been attained.
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Exchange Rate Pass-through Into Domestic Price Indicators: A Sectoral Analysis Of Turkish EconomyOzen, Emine Ozgu 01 December 2011 (has links) (PDF)
The question of exchange rate pass-through into domestic inflation is a widely analyzed issue due to its importance as regards to monetary policy, exchange rate policy and in general macroeconomic policy for open economies. Although most of the literature is focused on the exchange rate pass-through at the aggregate level, there are fewer studies that are done at the sectoral level for the Turkish economy. In this study by using a distribution chain of pricing model developed by McCarthy (2000), pass-through of exchange rates and import prices into domestic prices for selected sectors are examined for the Turkish economy. The emprical model estimates a Vector Auto Regression (VAR) to see pass-through dynamics through times and across the selected sectors. This study covers March 2002-December 2010 period / the period of floating exchange rates. Findings indicate that pass-through has fallen recently in Turkey. Moreover, results of the analysis show that external factors explain an important proportion of the variance of domestic prices for the sectors which have a larger import share.
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The Research on the Growth Mechanism of Harbor Operation by using System Dynamics MethodologyChen, Miau-Tang 04 August 2003 (has links)
The fiercer competition among international harbors drives every port to reinforce operation efficiency to attract carriers and to develop competition strategies to grow competence. In those years, Kaohsiung Harbor has slumped from the third to the fifth largest carrier harbor in the world. It is the overall symptom of competition risks for seaports in Taiwan. The severe situation, though, it is exactly what we can strive to revert the declining trend.
Facing this topic composed of dynamic complexities, we can leverage systematic deliberation and dynamic simulation to revamp the status quo structure and create beneficial behavior model. In this thesis, we adopt system dynamics to build up a typical dynamic harbor model to dig out the crucial facets key to the growth of an international seaport and henceforth serve for basis of the decision-making.
The main conclusions of this research are as follows:
1.The four facets that influence the development of a harbor are ¡§The economic strength of the hinterland,¡¨ ¡§The completeness of the harbor facilities, whether the construction of the harbor can keep in pace with the volume of containers,¡¨ ¡§The openness of the harbor,¡¨ ¡§The superiority of the geographic location.¡¨
2.Whatever the import, export, or even transfer, the rate policy of a harbor will help little to the growth of the volume of containers with the other conditions unchanged. The disastrous effect of rate slash will be revenue decline; keeping volume while losing profit. In the long term, it will become a viscous circle. The freedom policy will be far more important than rate policy according to our policy analysis.
3.If the construction progress of wharfs can be in pace with the growth of enterprises, it will lower the interference between each other, reduce inefficient investment, and increase inter-stability. It¡¦s therefore the more accurate estimation of the growth of a harbor, the less disturbance effected by the other loops.
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Changing Import Patterns of Taiwan / Taiwans Förändrade ImportmönsterLöwbeer, Karin, Lundqvist, Lars January 2007 (has links)
<p>This thesis investigates the determinants of Taiwan’s import changes and the underlying factors of the decreasing Swedish export to Taiwan between 1994 and 2005.</p><p>The empirical study includes 36 countries from both the Pacific Rim and OECD. Based on a modified gravity model of trade, the regression model aims to examine how GDP growth in the exporting country, exchange rate changes, common language, and membership in APEC affect Taiwan’s import volume. The result shows estimates with expected signs, with 49.8 percent of the vari-ance in Taiwan’s changed import volume explained by the exogenous variables. Exchange rate change and language are statistically significant.</p><p>Data on commodity groups of importance for Sweden and Taiwan are also ex-amined, and they show that Taiwan has changed its import demand and has started to import goods other than those Sweden in previous years strongly exported to Taiwan. Taiwan’s regional trading partners have also gained export shares at the expense of Swedish exports.</p><p>The results are in line with theory and it will be hard for Sweden in the future to compete with the increasing regional trade of East Asia where common lan-guage and culture are of big importance.</p>
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Import : An Analytic and Econometric Study of RegionsSeydlitz, Josefine January 2007 (has links)
<p>This is unique study of import is of the greatest importance, since no studies of import</p><p>across regions have earlier been performed. Import is a driving force of innovations and</p><p>therefore most important for a stable growth. This master thesis is about interregional import,</p><p>as well as the strong spatial concentration of imports in the Swedish system of network.</p><p>Five hypothesises are presented in the last section of chapter two. The variables to be used</p><p>in the analysis are then divided into two main groups, before empirically tested in different</p><p>combinations of regression models.</p><p>The main conclusion of this thesis is a significant correlation between import, and the two</p><p>independent variables export and firm R&D, and its result goes in line with the theoretical</p><p>framework of this thesis, regional specialisation in import and export nodes</p>
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Import from China : The straight way to success?Davidsson, John, Hjerpe, Martin, Åke, Michael January 2006 (has links)
<p>Abstract</p><p>The interest in China today is enormous, and media talk about successful firms and entrepreneurs that engage in business with China. This positive image has created a general per-ception that China offers the moon and the stars for Swedish micro and small sized enterprises (MSEs). We still believe that there are many opportunities to extend or build busi-ness upon import from China. However, we question media’s communication that import from China is a straight way to success. If this is an accurate picture of the situation, what is it that makes Swedish companies hesitating about establishing import business from China?</p><p>The purpose of this thesis is to identify the reasons for Swedish MSEs to engage in import from China, as well as recognizing the problems they experience. We will by analysing the underlying factors of the problems describe different ways to handle these issues.</p><p>We have chosen a qualitative approach with semistructured, deep-going interviews, which we have carried out on six companies that have gone through with the import process from China. The empirical findings will be the base in order to verify the theories on this subject.</p><p>We have come to the conclusion that there is a division between production companies and trading companies when it comes to the reason to start importing. Trading firms generally follow the opportunities while production companies are forced to take action because of push effects. Also, the hype about China has helped in choosing China before other countries. The companies in this thesis have generally no trouble in finding a supplier but rather to find suitable suppliers.</p><p>The major problems in trading with China are quality and delivery, which many companies handle by shortterm procedures like over-explicitness, constant reminders and increased specifications. They argue that these problems depend on lack of understanding, variation in outlook, different behaviour, as well as pride and attitudes among the Chinese. However, we believe that these issues have their roots in culture, linguistics and different views of how relationships should be considered. Thus it would be a more long term solution to handle the underlying issues which in the extension is a more successful way of importing from China.</p>
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Regional Productivity and Import Accessibility : Investigating the effect of imported goods on labour productivity levels at the municipal levelLindbom, Anton January 2009 (has links)
<p><strong>Abstract</strong></p><p>The purpose of this thesis is to estimate if imports of goods at the municipal level have an effect on labour productivity. The theoretical framework used in the thesis is based on the concept of accessibility, city growth in connection to imports, networks and nodes, clusters and economies of scale. Seven independent variables were chosen for the regression, three import accessibility variables to estimate if there is a connection between imports and productivity and Technology Gap, Population Density, Distance to Stockholm and Time. The regression model itself is built on the regression model in Fingleton (2001) but reformulated in this master thesis. Due to high collinearity between the accessibility variables they were added together to measure total accessibility. Regression results showed significant t-statistics for all variables included confirming that there is a relationship between imports of goods and labour productivity.</p><p> </p><p> </p> / <p><strong><p>Sammanfattning</p></strong></p><p>Syftet i denna magisteruppsats är att analysera om import av produkter på kommunal nivå är korrelerad med kommunal arbetsproduktivitet. Det teoretiska kapitlet är baserat på konceptet tillgänglighet, tillväxt och import i stadsregioner, nätverk och noder samt skalekonomi. Sju testvariabler valdes för regressionsmodellen som är baserad på Fingleton (2001). De viktigaste variablerna i modellen är inomkommunal‐, inomregional‐, och extern tillgänglighet till import. Resterande variabler i regressionsestimeringen mäter skillnad i teknologi mellan kommuner, populationsdensitet, avstånd till Stockholm samt tid. På grund av hög multikollinearitet mellan tillgänglighetsvariablerna estimerades modellen om genom att använda total tillgänglighet. Regressionen visade signifikanta t‐värden för alla variabler vilket bekräftar att det finns ett samband mellan import av produkter och arbetsproduktivitet på kommunal nivå.</p>
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Parallel imports of pharmaceuticals : evidence from Scandinavia and policy proposals for Switzerland /Poget, Cédric Julien. January 2007 (has links) (PDF)
Univ., Diss.--Basel, 2006. / Auch als dt. Kurzfassung u.d.T.: Parallelimporte von Arzneimitteln.
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