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Influence of CNY Exchange Fluctuations on Tea Export of China——Positive Studies Based on Data during the Years of 1980~2010

  • ZHANG Ying ,
  • TANG Yi
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  • Department of Tea Science, Zhejiang University, Hangzhou 310058, China

Received date: 2011-11-21

  Revised date: 2011-12-26

  Online published: 2019-09-05

Abstract

The exchange rate is an important lever to regulate the economy, and also is an important factor to affect the foreign trade. This paper adopted econometric models, like Co-integration relationship, Error Correction Model and Granger Cause, to analyze the influence on China’s tea export by the data of recent 30 years’ CNY exchange rate. The positive studies showed that exchange rate had negative effect on China’s tea export, and in the long-term they have co-integration. REER has stronger effects than NER on tea export, and the ECM of REER is more stable. Thus, related methods should be adopted to offset the negative impact when exchange rate fluctuates.

Cite this article

ZHANG Ying , TANG Yi . Influence of CNY Exchange Fluctuations on Tea Export of China——Positive Studies Based on Data during the Years of 1980~2010[J]. Journal of Tea Science, 2012 , 32(3) : 254 -260 . DOI: 10.13305/j.cnki.jts.2012.03.007

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