Plant Scale and Exchange-Rate-Induced Productivity Growth
2009/02/03
研討會日期 : 2009-02-03
時間 : 15:30
主講人 : 馮炳萱 助理教授
地點 : B棟110室
演講者簡介 : 馮炳萱教授為Ph.D. Economics，University of California, Davis。現為Assistant Professor of University of Alberta。其主要研究領域為Micro Responses to Exchange Rate Movements, International Trade and Investment, Productivity Analysis, Economic Development。現正申請本所研究職務中。
演講摘要 : This paper examines whether movements in the exchange rate affect productivity. We employ plant-level data to examine whether, and in what direction, exchange rate movements affect the scale of production, and how these changes in scale influence productivity. The paper finds that a real appreciation of the domestic currency reduces shipments and this negative effect is driven by exporters. The paper also finds evidence that the appreciation-induced reduction of scale negatively affects productivity at the plant level. This scale effect more than offsets any potential gains from the appreciation induced reduction in the price of imported inputs.
