金融发展、融资依赖与中国工业制成品的出口

发布时间：2018-05-08 04:40

本文选题：金融市场发展 + 外部融资依赖度　；参考：《南京大学》2013年硕士论文

【摘要】：在经济全球化日益深化的过程中,金融和贸易一直是推动全球经济发展的重要因素。各个国家的金融市场不断发展和深化,同时全球的贸易结构也在不断变迁。在开放的经济条件下,一国金融发展和贸易结构之间的关系及其对宏观经济的影响正在日益凸显。随着中国加入世贸组织,以及金融市场的日益开放,金融市场的发展和贸易结构优化也已经成为中国经济持续平衡发展过程中面临的两个重要问题。本文借鉴前人的研究基础,运用中国2002-2009年26个制造行业的数据,通过考虑行业的外部融资依赖度和资产有形性指标,考察了中国金融市场的发展水平与不同行业出口之间的关系。分析指出,行业的外部融资依赖度和资产有形性是连接金融市场发展和国际贸易的关键环节。不同行业的技术密集度不尽相同,行业对外部融资的依赖程度以及获得融资的难易程度也有所差异,因而金融发展对不同行业的出口存在不同的影响。在对中国的实证研究中,主要区分了金融市场发展的规模、效率对出口的差异性影响。实证分析结果表明,融资依赖度较高、资产有形性较低的行业,金融市场发展对其有较明显的促进作用,但总量、效率指标的影响程度有所差异。
[Abstract]:In the process of deepening economic globalization, finance and trade have been important factors to promote global economic development. The financial markets of various countries are developing and deepening, and the global trade structure is also changing. Under the condition of open economy, the relationship between a country's financial development and trade structure and its influence on macroeconomic are becoming more and more prominent. With China's accession to the WTO and the increasingly open financial markets, the development of financial markets and the optimization of trade structure have become two important issues in the process of sustained and balanced development of China's economy. This paper uses the data of 26 manufacturing industries from 2002 to 2009 to consider the dependence of external financing and the physical property of assets. The relationship between the development level of Chinese financial market and the export of different industries is investigated. It is pointed out that the dependence on external financing and the materiality of assets are the key links between the development of financial markets and international trade. The technological intensity of different industries is different, and the degree of dependence on external financing and the difficulty of obtaining financing are also different, so the financial development has different influence on the export of different industries. In the empirical study of China, it mainly distinguishes the scale of financial market development and the effect of efficiency on export. The results of empirical analysis show that the development of financial market plays a significant role in promoting the industries with high degree of dependence on financing and low physical property of assets, but the influence degree of the total amount and efficiency index is different.
【学位授予单位】：南京大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F752.62;F424;F832

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