我国金融发展对国际贸易的影响机理阐释及经验证据

The Effect Mechanism and Empirical Evidence of Financial Development on International Trade in China

在传统贸易比较优势逐渐丧失的背景下,实现外贸可持续发展战略给金融业提出了更高的要求,正确认识我国金融发展对外贸的作用机理和效应有助于相应的政策调适。本文的理论分析表明:金融发展主要通过金融制度、技术创新、资源配置、分散风险和汇率调整等途径来影响国际贸易;经验分析表明经济货币化、经济金融化、汇率贬值因素都对我国外贸发展起到了重要的促进作用,而经济证券化因素则不然。从静态的角度来看,经济证券化因素并没有促进我国外贸的发展,但从动态的角度来看,经济证券化因素仍会对我国外贸产生积极的影响。

On the background of the gradual loss of traditional comparative advantage, in order to realize sustainable trade development strategy, it needs for more supports from finance system.If we can properly recognize the effect and mechanism of financial development on foreign trade, it s helpful to adjust the corresponding financial policies.The theoretical analysis indicates that finance system can affect foreign trade by way of financial institutions, technology innovation, resources allocation, exchange rate...