中国输出通货膨胀吗——基于贸易数据的实证检验

近年来中国的物价水平上涨较快,少数国家认为中国的出口扩张正在对外输出通货膨胀,引发全球性的通胀压力。针对这种言论指责,本文基于详实的数据资料,对中国的出口增长与进口国通胀之间的关系进行了实证检验。结果表明,中国的出口扩张不仅没有输出通胀,反而是稳定全球价格的重要力量。最后,对全球通胀的影响因素作了进一步的计量分析,发现进口国自身的宽松货币政策和国际市场中能源、原材料及运输价格的上涨才是全球通胀之源。

Is China Exporting Inflation:An Empirical Study based on the Foreign Trade Date

China's CPI has been rising quickly in recent years.Several countries think that Chinese foreign trade has exported inflation, and led to the global inflation.This paper carries out an empirical investigation to test whether there is significant relationship be- tween Chinese export growth and its trading partners' inflation.The evidence suggests that Chinese exports do not induce infla- tion,but drive global prices to be stable.Finally,we make a further economitric analysis to find the determinants of glob...