The Effect Of Financial Development On The Structure Of Export Trade In Services

The export of services is an important part of international trade,accounting for an increasing proportion of the world trade.The Financial development in such aspects as structure,efficiency and scale constantly optimize,which just meets the needs of service trade in the process of export capital and the height of the information integration.It can effectively enhance the service trade export enterprise risk forecast and crisis response capacity.The Financial development can influence the export structure of service trade to a certain extent by channeling funds to key service trade export industries and enterprises.Therefore,how to change the export structure of service trade,improve the development of finance,and find new comparative advantages has become a major breakthrough for China.Howthe financial development affects the export structure of service trade is an important topic in this paper.This paper based on the theoretical level to illustrate the impact of the financial development of service trade export structure,scale structure efficiency from three dimensions analysis of the financial development affects the way of service trade export structure,and then respectively using panel data and time-series data analysis of the domestic international and domestic financial development of service trade export structure relations and the influence of impact force,and further puts forward the control the scale of financial development of diversified financial intermediary financial development efficiency of direct financing market to enhance the raise the level of financial development,such as the credit markets to support the policy Suggestions.Compared with the traditional research and analysis,this paper emphasizes the refinement of financial development,divides financial development into scale efficiency and structure of financial development.And based on reduce of the financing cost,the spread of the risk,the optimize of the resource allocation,etc respectively expounds its influence on service trade export structure.Secondly,we sort out the financial development of 38 countries(including China)in 2000-2016,and the current situation was described based on the economic entities of the G7,the developed countries and Brics.Finally,based on the empirical perspective,we refine the financial development and service trade export structure measure,by building empirical model to verify the status quo analysis of some relevant conclusions.In this paper,38 countries are divided into developed and developing countries,and dynamic panel data model is established.The empirical results show that:(1)The financial structure and financial efficiency for service trade export structure optimization has a significantly positive role in promoting,and distinguish between different countries,its influence also is not the same;(2)we can be concluded that the optimization of service trade export structure,will be affected by the financial scale,at the same time,the optimization of financial institutions may also affect trade in services export structure,and all is positive correlation.Based on the above research conclusions,this paper finally puts forward policy Suggestions.