Tariff,Exchange Rates,FDI Restrictiveness Index And Their Relationship With Chinese Manufacturing Export Technical Complexity

When export growth drives upgrading of the industrial structures close to the "ceiling",and the original advantages of cheap labor force and resource superiority gradually weaken,the technical complexity of export manufacturing is of great significance to the upgrading of industrial structures and the transformation of economic development mode in China.Based on the available literature,the dissertation sets up a technical model that includes tariff,FDI restrictiveness and exchange rate.This dissertation has illustrated the effects of tariff,FDI restrictiveness and exchange rate on the export technical complexity.Through using Chinese industrial enterprise-level date and customs import-export data from 2000 to 2013,the dissertation empirically investigates the the mechanism of tariff,FDI restrictiveness and exchange rate on Chinese manufacturing import and export technical complexity.This dissertation has eight chapters.Chapter 1 is introduction,which states the background,purpose and significance,core concepts,research ideas,methods and innovation points.Chapter 2 is the literature review.Chapter 3 is theoretical analyses.The dissertation sets up a technical model that includes tariff,FDI restrictiveness and exchange rate.Chapter 4 is the typical factual analysis that describes the movement of export technical complexity,tariff,FDI restrictiveness and exchange rate.Chapter 5 to chapter 7 are the core parts of this dissertation.Through using Chinese industrial enterprise-level date and customs import-export data,the dissertation empirically tests the theoretical hypothesis in chapter 3.In chapter 5,the dissertation investigates the mechanisms of tariff on export technical complexity from aspects of output tariff,host tariff to further study the relationship between output tariff and import technical complexity.In chapter 6,the dissertation analyzes the impact of FDI restrictiveness on export technical complexity from the perspectives of China's FDI restrictiveness and host FDI restrictiveness,and extends the analysis of the relationship between China's FDI restrictiveness and import technical complexity.In chapter 7,the dissertation explores the effect of the exchange rate on exports technical complexity from the two perspectives of export rate and import rate,and extends the analysis of the relationship between exchange rate and import technical complexity.Chapter 8 summarizes the dissertation,which consists of the main conclusion,policy implications and the further research directions.Through theoretical and empirical analysis,the main conclusions are showed as follows:(1)Tariffs significantly suppresses the export technical complexity of China's manufacturing enterprises.Output tariff reduction has a negative effect on export technical complexity through pro-competitive effect,variety effect and resource allocation effect.Host tariff reduction has inhibited export technical complexity through pro-competitive effect,scale effect and total factor productivity effect.This provides empirical evidence from China for promoting global trade liberalization.(2)FDI restrictiveness significantly inhibits the export technical complexity of China's manufacturing enterprises.China's FDI restrictiveness has a negative effect on export technical complexity.China's equity restrictions have no effect on export technical complexity,while China's screening and approval requirements inhibites export technical complexity through pro-scale effect,cash flow effect and total factor productivity effect.Host FDI restrictiveness significantly inhibites home export sophistication.Specifically,Equity restrictions,screening and approval requirements and other operational restrictions inhibite home export sophistication by suppressing the reverse technology spillover and reducing the efficiency of market resource allocation,while restrictions on foreign key personal have promoted home export sophistication by promoting the reverse technology spillover of enterprises and improving the efficiency of market resource allocation.This provides more specific and targeted policy recommendations for China's further investment liberalization and global investment liberalization negotiations.(3)Exchange rates significantly promote export technical complexity of China's manufacturing enterprises.Import rate has a positive effect on export technical complexity through variety effect and klratio effect.Export rate has a positive effect on export technical complexity through innovation effect and value added effect.This has important policy implications for China to carry out the reform of RMB exchange rate formation to promote the upgrading of export structure.This dissertation innovates in the following aspects:(1)Theoretical research innovation.Tariff,FDI restrictiveness and exchange rate are included into a theoretical framework to set up a technological model to enrich and expand the relevant theoretical research on the export technical complexity.(2)Index construction innovation.This dissertation innovatively constructs the host FDI restrictiveness index at the enterprise level to explore the impact of host FDI restrictiveness on the export technology complexity from the micro level;(3)Research perspective innovation.The dissertation creatively investigates the relationship between host tariffs and export technology complexity,and examines the impact of Chinese FDI restrictiveness and host FDI restrictiveness access on manufacturing export technology complexity from a policy perspective.The influence of the exchange rate on export technical complexity is innovatively studied from two aspects:import exchange rate and export exchange rate.In the extending study,the dissertation investigates the influence of output tariff,China's FDI restrictiveness,exchange rate movement on import technical complexity.To some extent,this enriches the research on Chinese manufacturing export technical complexity.According to the conclusions,in order to upgrade of industrial structure,transform economic development mode and build China into a new trading power,some measures should be taken in the future including encouraging trade liberalization,carring out strategy of"bringing in"and "sending out",and improving the reform of RMB exchange rate formation mechanism.