A Study of the Relationship between Environment Protection and Increase of Foreign Exchange Reserves

Juan Wang; Yu Sheng Kong

doi:10.4028/www.scientific.net/AMM.291-294.1529

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Resource Allocation Optimization Problem on the Population Growth Model
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Economic Development: Environmental Friendly Materials or High-Carbon Materials Produced by who?
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Estimating the Rebound and Reduce Effect of Low Carbon Policy in Shanghai Industrial Sectors
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A Study of the Relationship between Environment Protection and Increase of Foreign Exchange Reserves
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Green Economy on Small and Medium Enterprise's Sustainable Development Analysis - For Example to Changsha-Zhuzhou-Xiangtan City Cluster
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The Construction of Bus Operation Cycle
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HomeApplied Mechanics and MaterialsApplied Mechanics and Materials Vols. 291-294A Study of the Relationship between Environment...

A Study of the Relationship between Environment Protection and Increase of Foreign Exchange Reserves

Abstract:

Tremendous FER not only heightened China’s credit level and payment capability, but also is a reflection of unbalanced economic development. Frequent trade frictions are accompanied by European sovereignty debt crisis & serious US government financial deficit, which increased the risk of China’ FER. Domestic environment worsened. Longtime incentive for export & FDI attraction at any cost generated domestic inflation, sacrificed our natural resources and the rights & benefits of the working class, and polluted the natural environment. Based on econometrics software and data from year 1991 to 2011, this paper studies the relationship between environmental protection and China’s FER, regression of which reveals an overly high trade dependence. Both trade surplus and CPI are significantly and positively related with the rapid growth of China’ FER. Nevertheless, FER contributed little to the increase of average township disposable income. Furthermore, the generating mechanism as well as the drawbacks of the rapid growth of China’ FER are analyzed.

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Periodical:

Applied Mechanics and Materials (Volumes 291-294)

Pages:

1529-1536

DOI:

https://doi.org/10.4028/www.scientific.net/AMM.291-294.1529

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Online since:

February 2013

Authors:

Juan Wang, Yu Sheng Kong

Keywords:

Econometrics Analysis, Environmental Protection, Foreign Exchange Reserves, Natural Environment, Social Environment

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