金融发展是否提升了生产性服务贸易竞争力?——基于RCA、TC、MI指数的GMM分析

Whether Financial Development Enhance the Productive Service Trade Competitive Advantage?Based on Dynamic Panel Data Analysis of RCA,TC,MI Index

笔者重点考察金融发展对生产性服务贸易比较优势的影响。通过利用2000—2010年55个样本国家数据,采用三类指标:显性比较优势指数、贸易竞争力指数和Michaely指数来度量不同国家生产性服务贸易的比较优势,并采用三类共7个代表变量衡量各国金融发展在金融市场规模、金融市场效率和金融市场交易规模方面的差异,进而实现多角度的分析。实证结果表明,金融市场规模和金融市场交易规模对生产性服务贸易比较优势的提高均表现出显著的正向影响,而金融效率的影响作用则不确定。

This paper focuses on the impact of financial development on the comparative advantage of Productive Service Trades. Based on the data of the 2000--2010 of 55 countries, this paper analysis in multiple points of view by using three kinds of index： Revealed Comparative Advantage Index, trade competitiveness index and Michaely index to measure the comparative advantage of productive service trade in different countries, and using three kinds of a total of seven representative variables to measure the financial development differences in the size of financial market, financial market efficiency and financial market transactions. The empirical results show that the size of the financial market and financial market transactions had shown significant positive impact on the compara- tive advantage of productive services trade, and the impact of financial market efficiency is uncertain.