金融发展能否促进出口结构的优化——基于动态面板数据模型的考察

On Whether Financial Development can Promote the Optimization of Export Structure ——An Investigation based on Dynamic Panel Data Model

金融发展的先进与落后是左右一国贸易模式的重要因素。实证检验一国金融发展对不同类型产品出口结构的影响,并考察金融发展对出口结构的内生性问题。研究发现:金融发展对一国出口结构有显著影响,金融发展水平的提高对出口结构的调整与升级有积极推动作用,金融发展对出口结构的影响具有内生性;不同主导类型的金融结构对资本密集型产品出口影响不一,以金融中介为主导的金融结构抑制出口,以金融市场为主导的金融结构促进出口。

Financial development is an important factor for trade pattern of a nation. In this pa- per, we make an empirical test on the effect of financial development on different types of export structure, and investigate the inclusive problem for financial development to export structure, and it shows that financial development has an obvious effect on national export structure, and the im- provement of financial development has an active promoting effect on the upgrading of export struc- ture, the effect of financial development on export structure is inclusive. Different kinds of financial structure have different effects on capital-intensive exporting. The financial structure led by finan- cial agency hinder exporting, and the financial structure led by financial market promote the expor- ting.