新加坡金融服务双向贸易的决定因素

The determinants of two-way trade in Singapore's financial services

从金融市场结构看,新加坡出口市场更分散,且重要市场比重下滑,但对印度金融服务出口快速上升;而香港金融服务出口更集中且国际化多元化突出。新加坡金融服务与日、韩、香港、美等GL指数较高呈水平分工,与中国和印度GL指数较低呈垂直分工。而决定这一分工现状的主要因素依次为金融市场规模、外来投资以及金融市场开放程度。

Research found that in the structure of financial exports markets, Hong Kong are more concentrated and diversity. But Singapore＇s export markets are more fragmented, and its important markets share are declining, but there is the rapid increase in its India market. The GL of Singapore with Japan. Rep. of Korea . Hong Kong and USA is high, so it＇s a horizontal division between Singapore and its trading partner; with China and India , GL is low, so it＇s a vertical division between them. The empirical results of the determinants of GL are the financial industry scale, FDI, freedom of financial market.