alexa Abstract | Research on how RMB exchange rate influence on agricultural food prices in emerging market

Journal of Chemical and Pharmaceutical Research
Open Access

OMICS International organises 3000+ Global Conferenceseries Events every year across USA, Europe & Asia with support from 1000 more scientific Societies and Publishes 700+ Open Access Journals which contains over 50000 eminent personalities, reputed scientists as editorial board members.

Open Access Journals gaining more Readers and Citations

700 Journals and 15,000,000 Readers Each Journal is getting 25,000+ Readers

This Readership is 10 times more when compared to other Subscription Journals (Source: Google Analytics)

Original Articles Open Access


With the development of economic globalization, the economic ties between countries in the world more and more closely, prices and the exchange rate are the core economic variables in an open economy. In this paper, we make a statistical analysis of RMB real effective exchange rate and agricultural food prices data from the year of 1990 to 2014.From the empirical analysis, the result shows that RMB real effective exchange rate will effect on agricultural food prices. LnREER at lag 1 period increased one percentage can drive LnAFP growth by 0.015 percentage, LnREER at lag 2 period increased one percentage can drive LnAFP growth by 0.187 percentage, so the effect of RMB real effective exchange rate on agricultural food prices is obvious. Based on granger causality test, it shows that LnREER is the granger reason to LnAFP, which means RMB real effective exchange rate is the reason to agricultural food prices increase. On this basis, we have put forward relevant policy suggestions.

To read the full article Peer-reviewed Article PDF image

Author(s): Li Zhou


Agricultural food prices, exchange rate, food processing industry, economic globalization

Peer Reviewed Journals
Make the best use of Scientific Research and information from our 700 + peer reviewed, Open Access Journals
International Conferences 2017-18
Meet Inspiring Speakers and Experts at our 3000+ Global Annual Meetings

Contact Us

© 2008-2017 OMICS International - Open Access Publisher. Best viewed in Mozilla Firefox | Google Chrome | Above IE 7.0 version