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The Research On The Impact Of Financial Development Of China’s Export Trade Structure

Posted on:2015-02-04Degree:MasterType:Thesis
Country:ChinaCandidate:P ZuoFull Text:PDF
GTID:2269330428472657Subject:Quantitative Economics
Abstract/Summary:PDF Full Text Request
International trade has always been a very important part for country’s economic growth. The promotion of export trade structure is an important symbol of global competitiveness in international commodity market. The technological value-added level of export commodities also reflects the rationality of industrial structure and the status of global value chain in our country industry. At the same time, the size of China’s financial is growing, the system and regime is constantly improving, the structure is gradually optimizing. With the further development of the economy, the mutual relationship between finance and export trade is becoming more and more prominent. They are restricted, penetrated and promote each other. By the development and innovation of international financial development theory, the relationship between trade and financial development is increasingly closely. Together with the present situation of our country, it has theoretical and practical significance and has reference value to China’s industrial upgrading when we explore the impact of China’s financial development on export trade structure from theory and practice and their interaction mechanisms.There are five chapters in this paper. The first chapter introduces the research background, methods, main content, current research and possible innovations. Chapter two detailedly analyzes the export trade structure of our country from the perspective of Revealed Technological Value-added (RTV). Results show that the low value-added goods export proportion continues to decrease, the middle one continues to increase and high one increases slowly in our country. At the same time, we make a brief analysis of financial development in China. Chapter three expounds the influencing mechanism of different technology value-added goods exports from the perspective of financial development scale, efficiency and structure based on the theory of new trade theory. In order to use more rigorous logic analysis of the relationship between them, we have set up economic mathematics model on the basis of C-D production function, combining with the decision function of production department and R&D department. Chapter four is about the empirical analysis. This part uses X-12-ARIMA seasonal adjustment method to deal with necessary data firstly. Then we analyze the influence of financial development scale, efficiency and structure to three kinds of different value-added goods exports by the method of impulse response function. The results show that the scale growth and perfect structure of financial development in our country has a positive effect to increase export trade added value. Financial development efficiency is no help for the export of high value-added goods.In the last chapter we give the final conclusion, policy meaning and the expectation for this article. The Policy Suggestions including:Expanding the scale of financial development, reducing the financing costs for enterprise. Enriching the financing channels for small and medium-sized technology enterprises. Improving the efficiency of the financial institutions, promote capital efficiency.
Keywords/Search Tags:Financial Development, Export Trade Structure, RevealedTechnological Value-added (RTV), Impulse Response Function
PDF Full Text Request
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