The Impact Of Regional Financial Development On The Export Of Woody Forest Products In China

This article first combines regional finance theory and export trade theory,and analyzes the impact of regional financial development on export trade from two perspectives:endogenous growth and dynamic comparative advantage.Secondly,analyze the status quo of financial development in the East,Central and West from the aspects of financial development,efficiency,and activity of the financial market,and examine the export trade of major wood products in China from three aspects:export scale,country structure,and commodity structure.The status quo has found the following features:There are serious regional financial differences in the eastern,central and western regions,among which the level of financial development in the eastern region is higher than in the central and western regions;the export trade of wood forest products in China is in a grim situation,and the proportion of export trade is declining in the past two years..Based on the theoretical research and current situation analysis,the paper further used factor analysis and multiple linear regression to use the six financial indicators of 30 provinces and municipalities directly under the Central Government in 2009-2015 to conduct in-depth studies on regional financial development and export of wood forest products in China.The results show that:China’s financial development has a positive impact on the export of wood forest products,and there are differences between regions.Among them,the financial development in the eastern region is high.The export of wood forest products in the region accounts for more than 90%of the country’s total,and the financial development in the east significantly promotes the export of wood forest products;the financial systems in the two regions are incomplete and rely on external financing.Weak,the export of wood forest products in these two regions accounted for relatively small,and the impact of financial development on the export trade of forest products was not significant.Finally,based on the research conclusions,this paper proposes relevant suggestions on the promotion of regional financial development and the promotion of the international trade of forest products from the perspectives of business,regional and national policies.