基于2000-2006年 《中国工业企业数据》 和 《海关数据》 的细分数据,本文实证分析市场份额对中国出口汇率传递的影响.研究发现,中国出口汇率传递整体水平达到95%;出口企业市场份额近似服从帕累托分布,大多数出口企业仅具有很小的市场份额,并占据少量的出口额比重,少数出口企业具有很高市场份额,占据较大的出口额比例;不同市场份额的企业具有不同的汇率传递水平,市场份额对汇率传递水平具有正向影响关系,低市场份额的企业传递到目标市场价格的水平较低;市场份额对汇率传递的影响是非对称的,市场份额越低对汇率传递水平的影响越大.
Based on dimension data by merging China's Industrial Enterprise Database with China's Customs Database from year 2000 to 2006, the paper empirically analyzes the impact of market share on China's export exchange rate pass -through. The research finds that the overall China's export exchange rate pass-through is as high as 95%; the export market share approximately subjects to Pareto distribution, which means that most small exporters take a small percentage of total export volume, while a few large exporters represent a significant proportion; firms with different market shares have different levels of exchange rate pass-through, export market share has a positive and asymmetrical effect on exchange rate pass-through, and the lower the market share, the lower price; hierarchical regression and non- parametric results show that the impact of market share on exchange rate transmission is asymmetric : the lower the market share, the greater the impact on the exchange rate pass level.