Study On Transaction Efficiency And The Development Of Specialized Market

The specialized market in China was born among the traditionalcurrent system. With its rise, commodity trading volume increasing yearby year, the market influence is also spreading outside from the area to thecountry, all these make the population gradually increased, businessincome growth, city construction quickly followed, regional economic gotrapid development.The research on market mechanism, law and the research of theefficiency and effectiveness by Economy academia in China haveprovided academic support to the specialized market’s construction anddevelopment, and this affect the local government’s planning and decisionof the specialized market construction to a certain extent. In the past, thestudies that based on transaction cost theory mainly focuses on thetheoretical analysis. But this study is focus on real environment quantitycharacteristic in the development of the specialized market, at the sametime, does empirical analysis on the relationship between trade efficiencyand specialized market development.This paper main contains the following four parts:Firstly, the main task of this part is review relevant literature,combined with the relative theories of trade efficiency and specializedmarket, and then design index system that affect the transaction efficiency of specialized market. After that collecting relevant statistics all over theprovinces, then establish the comprehensive score evaluation model aboutthe transaction efficiency of specialized market by doing statisticalanalysis such as descriptive statistics, factor analysis and so on. Based onit, calculate the comprehensive score and ranking order on the31provinces in our country.Secondly, this part is divided into two stages, the first stage attempts tobuilding the model of trade efficiency and specialized market’sdevelopment status through regression analysis in variables, in order toexpressing the relation better. The second stage collects the relevanteconomic data of Zhuzhou City, then analyzes the development level ofZhuzhou specialized market in recent years, pave the way for thefollowing.Thirdly, taking the apparel specialized market cluster in ZhuzhouLusong as an example, analyzed the relations between the main factors oftransaction efficiency and the development of apparel specialized marketcluster in Zhuzhou Lusong. Then do SWOT analysis on the market, thepurpose is to hope the market will be able to use their own advantages toovercome their disadvantages and external threats, and be able to grasp theopportunity to better play their own advantages and eliminate theunfavorable external factors,, and winds up with the suggestion, in orderto development of the specialized market better. Lastly, this part summarizes the research’s outcomesthen points out theresearch limitations and prospects.