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Real Exchange Rate Appreciation and Export Crisis of Textile Industry Comparative analysis of industry segments

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Indexed by:会议论文

Date of Publication:2015-01-01

Included Journals:CPCI-SSH

Page Number:253-257

Key Words:textile industry; sub-sectors; export price

Abstract:In this paper, we take textile industry as the main object of study, which is divided into four sub-sectors, and construct a export price model based on the fixed effects model. The sample period is monthly data from January 2005 to January 2015 monthly. In the empirical study, we mainly research the impact of RMB exchange rate appreciation, rising labor costs, and increased competition to the export price of Chinese textile industry. Comparatively analyze the influencing factors and differences in the reasons of the textile industry's and its sub-sectors' export pricing. Then provide recommendations for the future development of Chinese textile enterprises, in order to solve the export crisis that Chinese textile export industry is facing, while improve the export competitiveness in the international market and solving the problem of the increase in labor costs.

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