Dissertation > Excellent graduate degree dissertation topics show

Analysis of Exchange Rate Conduction Effect of Chinese Soybean Import Prices

Author: WangGuangHeng
Tutor: ChenChao
School: Nanjing Agricultural College
Course: International Business
Keywords: The exchange rate transmission import price Soybean industry incomplete
CLC: F323.7
Type: Master's thesis
Year: 2013
Downloads: 4
Quote: 0
Read: Download Dissertation

Abstract


On July21,2005, our country launched a new round of RMB exchange rate formation mechanism reform. China gradually formed a more flexible RMB exchange rate formation mechanism. Soybean is the main trade products in our country. The import trade scale has increased year by year. By the end of2012,the number of import has reached58.38million tons Soybean industry chain is the longest in agricultural commodities. It is directly related to China’s national economy and people’s livelihood. Soybean industry in China over80%dependent on foreign soybeans. Therefore the price of import soybean have a significant influence on soybean industry. Transmission refers to a country’s currency exchange rate fluctuations impact on the price of country’s import and export trade, the price level. So the effect of soybean import prices of exchange rate transmission has the significant practical significance. The United States is our major soybean importer. In2012Chinese buy more than26.01million tones soybeans from USA. American food dealers into the soybean industry in China since1996.They has very big impact on our soybeans industry. So this paper selected the soybean trade between China and the United States as the example on exchange rate transmission effect research.Based on the background described above. This paper focus on the RMB exchange rate pass-through to Chinese import price of soybeans. It based on the purchasing power parity (PPP) theory、the theory of PTM、Menu costs theory. Through the analysis of the Chinese soybean industry’s realistic problem. Use the establishment of measurement model to analysis the effect of RMB exchange rate to the price of import soybeans. The main conclusions are as follows:The RMB exchange rate fluctuations on soybean import prices there is no complete. The RMB exchange rate changes every wave unit will drive the price of imports0.84units. Based on the perspective of asymmetric, the RMB exchange rate appreciation in soybean import price is greater than the influence of the devaluation of RMB exchange rate. The former has passed the test of significance. But both for price conduction coefficient is very small. In0.029when the exchange rate appreciation in the value of0.014. Sharp fluctuations of RMB exchange rate effect is superior to the effect of small fluctuations. The former has passed the test of significance. But the conduction effect is still very low. Fluctuated when conduction coefficient is0.023.This paper argues that China is highly dependent on imports of soybeans in the United States、American food dealer master soybeans purchasing power、Imports of soybeans trade pricing、the Menu adjustment costs of factory are the reason for RMB exchange rate fluctuations on imported soybeans’ prices don’t conduction. Based on the results, the author think our country’s exchange rate reform should be smoothly. At the same time, we should use the differentiation competition strategy. The government should stepping up efforts to support the industry.

Related Dissertations

  1. Incomplete information on the completeness of the system and its knowledge acquisition,TP311.13
  2. The Nesting Gambling Analysis Under Urgent Scattered,O225
  3. Research on E-learning User Feature Modeling with Incomplete Information and Its Application in Knowledge Recommendation,TP391.6
  4. Research and Application of Software Price Surveys Method Based on Linear Regression Analysis Technology,F224
  5. Impact of External Shock on Domestic Price,F224
  6. Empirical Study of Imported Inflation Influence on China’s Inflation,F822.5
  7. Study on China’s Iron Ore Import and Countermeasures,F752.61
  8. A Study of Equilibrium of Incomplete Contracts in Construction,F284
  9. Consistency and Asymptotic Normality of Quasi-Estimator in Generalized Linear Models with Missing Data,O212.1
  10. The Research of the Relationship between the Function of DCE Soybean Future and the Development of Soybean Industry,F724.5;F326.12
  11. Sichuan Province Rural Credit large-value payment system projects Investment Management,F832.2
  12. Optimal Portfolio for Business Investment,F224;F272
  13. Research on Vehicle Routing Problem with Intermediate Movements,U116.2
  14. Research on Incomplete Families Parenting Styles and the Children’s Mental Health,B844.2
  15. Research of the Legal Regulation of Agricultural Order Contracts,F323.5
  16. Continuous-Time Portfolio Selection Research in an Incomplete Market,F830.59
  17. Quenching for Reaction-diffusion Systems with Logarithmic Singularity,O175.2
  18. Incomplete information system data mining method,TP311.13
  19. Research on the Group Decision Making Base on the Incomplete Preference Information and Its Application,C934
  20. Research on the Mode of Financial Mixed Operation and Supervision,F832.1
  21. A Study of the Financing Alliance Stability Based on the Cluster of Small and Medium-sized Enterprises,F275

CLC: > Economic > Agricultural economy > China 's agricultural economy > Construction and development of agricultural economy > Prices of agricultural products and markets
© 2012 www.DissertationTopic.Net  Mobile