Hits:

Indexed by:会议论文

Date of Publication:2013-01-01

Included Journals:CPCI-SSH

Page Number:476-480

Key Words:REM exchange rate; investment; manufacturing industry

Abstract:This paper studies the impact of exchange rate fluctuations on investment in the manufacturing industry. The sample period for this paper is from 1999Q1 to 2008Q4. The empirical results show that the appreciation of the RMB exchange rate will significantly lead to the decrease of the investment of the manufacturing industry.