摘要
基于2001—2012年中国29个省(市)的面板数据,检验金融发展在具有不同外部融资依赖程度的地区对出口贸易产生的影响。研究结果显示:银行信贷和外商直接投资作为我国金融市场的主要融资渠道,对促进地区贸易增长有显著影响。但不同融资渠道在外部融资依赖程度不同的地区产生的作用也不尽相同。地区经济越是依赖外部融资,金融发展对该地区出口贸易增长的促进作用就越大。
Based on the panel data of Chinese provinces from 2001--2012, this paper tests the effect of financial development on the export trade with different degrees of external financial dependence. We find that： both the bank credit and the foreign investment, as the two main financing channels, are significant determinants to facilitate regional trade. But the effects of different financing channels are obviously different due to the various degrees of external financial dependence. The paper finds that those export trades that depend more on external finance, the greater the role of financial development in them.
出处
《贵州财经大学学报》
CSSCI
北大核心
2015年第2期21-30,共10页
Journal of Guizhou University of Finance and Economics
关键词
融资依赖
金融发展
出口增长
financing dependence
financial development
export growth
