跨境贸易人民币结算影响因素研究——基于沿海省际面板数据的实证分析

Research on the Influencing Factors of RMB Settlement in Cross-border Trade:Based on the Empirical Analysis of Coastal Provincial Panel Data

跨境贸易人民币结算业务的开展以一个地区贸易状况为基础,并受该地区金融状况发展的影响。本文基于2010—2016年沿海地区11个省份的面板数据,从金融和贸易两个层面选取指标,考察沿海地区跨境贸易人民币结算的影响因素。结果表明:金融资产规模和融资效率均正向促进沿海地区跨境贸易人民币结算,且金融融资效率促进作用更大;贸易规模是跨境贸易人民币结算的基础,提高贸易异质性、改善贸易结构,会在很大程度上促进沿海地区跨境贸易人民币结算。

The RMB settlement business of cross-border trade is based on the trade situation of a region and is affected by the development of the financial situation in the region. Based on the panel data of 11 provinces in coastal areas in 2010-2016 years,this paper selects indicators from the two aspects of finance and trade to investigate the impact of RMB settlement on cross-border trade in coastal areas. The results show that the scale of financial assets and financial efficiency are positive in coastal areas of cross-border RMB trade settlement,and promote greater financing efficiency; trade scale is the basis of cross-border RMB trade settlement,but improving trade heterogeneity and trade structure will promote the coastal areas of cross-border RMB trade settlement in a very large extent.