Research On The Impact Of Digital Finance On My Country's Export Competitivenes

Export competitiveness is a reflection of a country’s comprehensive national strength such as its technological level and innovation level.Its development is of great strategic significance for promoting high-quality development,cultivating new momentum for economic growth,and building a trade powerhouse.At present,although China has become the world’s second largest economy,its innovation capability still lags behind that of developed countries,and China’s export products have little value in the global value chain.At the same time,the external environment of China’s export trade is still deteriorating,and the export of products has been severely suppressed.This is mainly reflected in:(1)Since the financial crisis in Europe and the United States,the world economic growth has been sluggish,and the weak international market demand has led to global trade protectionism The power is back on the rise.The external market demand has been suppressed,and the driving force of market demand on the improvement of product competitiveness has weakened.In the face of numerous obstacles to international trade,it is particularly important to enhance the competitiveness of products;(2)The major developed countries monopolize high-tech industries,continuously strengthen intellectual property protection,increase export control of high-tech products,and refuse to transfer core products to developing countries.Technology.At the same time,some countries have maliciously cut off key links in the global innovation industry chain to curb the rise of high-tech industries in developing countries.In such an environment of external pressure,it becomes particularly important for China to enhance its export competitiveness;(3)China’s internal resource constraints are becoming more and more obvious,and enterprises must take a high-quality development path,improve product quality,optimize export structure,and improve overall exports Competitiveness.It is worth noting that Chinese enterprises are facing greater financial constraints in enhancing their export competitiveness,and the development of digital finance has brought dawn to solving corporate financing difficulties and enhancing export competitiveness.In the 2014 and 2015 "Government Work Reports",Premier Li Keqiang vigorously advocated the healthy development of "Internet finance",proposed the "Internet +" action plan,and encouraged the in-depth integration of the Internet and traditional industries to create new development.ecology.The country’s top-level institutional design and strategic deployment provide strong support for the development of my country’s digital finance.The content of this paper is mainly composed of six parts:(1)Introduction.This part mainly analyzes the research background,research significance,research content,research methods,etc.,and clarifies the possible problems and innovations in the research.(2)Literature review.This chapter makes a theoretical review from three perspectives: the concept of digital finance,a review of the impact of digital finance on other real economies;a review of the influencing factors of export competitiveness;a review of the impact of digital finance on export competitiveness.(3)Analysis of the current situation.This chapter draws on the digital financial inclusion index method calculated by Professor Guo Feng,measures the development level of digital finance in various provinces in my country,and finally calculates the export competitiveness of each province,and analyzes and researches the status quo of export competitiveness of each province in my country.(4)Theoretical analysis.This chapter first analyzes the direct impact of digital finance on my country’s export competitiveness;then analyzes the indirect impact mechanism of digital finance on my country’s export competitiveness from three paths: technological innovation,trickle effect and entrepreneurial effect.(5)Empirical analysis.The fifth chapter conducts an empirical test based on the panel data of 30 provinces in my country(excluding Tibet)from 2011 to 2019.First,the impact of digital finance on my country’s export competitiveness is studied through a fixed-effect model;then,the heterogeneity between the two due to the geographical environment is tested through regional regression;Conduct robustness analysis.The conclusion of the empirical study is that the development of digital finance can improve the level of export competitiveness.(6)Policy recommendations.In order to make digital finance better promote the development of my country’s export competitiveness,according to the previous theoretical analysis and empirical results,this paper puts forward corresponding policy suggestions: strengthen the construction of the digital financial supervision system,avoid many risks in the digital financial industry;encourage digital finance Financial innovation and development,vigorously promote the improvement of the technical level and business model of digital finance,and reduce the financing constraints of enterprises;promote the infrastructure construction required for the development of digital finance in my country through differentiated development methods;improve digital financial technology standards and establish a more complete security To develop a financial risk mechanism to prevent financial risks;to increase the training of high-quality talents to provide assistance for enterprises to expand exports;to steadily develop the economy and continuously expand the degree of opening to the outside world,to promote the positive and stable development of enterprises’ exports.