融资约束、出口模式与外贸转型升级

发布时间：2018-10-08 08:12

【摘要】：本文建立了一个出口企业面临融资约束的垄断竞争模型,模型中融资约束不会抑制企业的出口参与,却迫使部分有能力进行通常贸易的企业从事出口导向型贸易,进而在提高企业出口密集度的同时,降低出口企业的利润和平均生产率,抑制对外贸易转型升级。该模型为企业"融资约束严重"与"出口贸易发达"并存等中国独特的对外经济贸易现象提供了一定的理论解释。随后,本文利用世界银行调查数据和中国工业企业库数据,为理论模型的主要预测和运行机制提供了稳健的经验证据。本文认为改革出口导向型企业的产业政策,进而优化企业的产品供给结构是促进中国出口企业转型升级的必要条件。
[Abstract]:This paper establishes a monopolistic competition model in which export enterprises face financing constraints. In the model, financing constraints do not inhibit the export participation of enterprises, but force some enterprises with the ability to conduct normal trade to engage in export-oriented trade. At the same time, the profit and average productivity of export enterprises are reduced, and the transformation and upgrading of foreign trade are restrained. The model provides a theoretical explanation for the unique phenomenon of China's foreign economic and trade, such as "serious financing constraints" and "developed export trade". Then, using the World Bank survey data and China Industrial Enterprise Bank data, this paper provides robust empirical evidence for the main prediction and operation mechanism of the theoretical model. This paper holds that reforming the industrial policy of export-oriented enterprises and optimizing their product supply structure are the necessary conditions to promote the transformation and upgrading of Chinese export enterprises.
【作者单位】：合肥工业大学经济学院;上海财经大学国际工商管理学院;
【基金】：国家自然科学基金项目(71403076) 国家社会科学基金项目(14BJL088) 中央高校基本科研业务费项目(JS2015HGXJ0091,JZ2016HGTB0715)的资助
【分类号】：F740.45;F752

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