金融发展对出口扩展边际的影响

发布时间：2018-01-01 12:45

本文关键词：金融发展对出口扩展边际的影响　出处：《南京大学》2015年硕士论文　论文类型：学位论文

【摘要】：异质性企业模型将国际贸易的关注点向更深层次推进,剖析其增长的本质特性。新新贸易理论证明,贸易的增长由两个方向组成：一是简单的数量增长,一是产品种类以及贸易伙伴的拓宽,前者称为贸易增长之集约边际(Intensive Margin),而后者则为贸易增长之扩展边际(Extensive Margin)。金融发展能够推动国际贸易更快的增长,且对二元边际均能产生影响,其中扩展边际由于所表征的贸易竞争力、贸易福利等得到更多关注。本文通过回顾金融发展理论,结合其对融资约束的贡献,简单概括对二元边际所产生的作用及影响机理,并对Chaney(2005)模型进行再分析。同时对二元边际的内涵做出归纳,并描述当前全球范围内金融发展的概况及各国出口二元边际的特征,以求直观地反映两者的现状,最后对1996-2012年间69个国家的总样本和不同分样本进行实证检验,定量分析金融发展与扩展边际的联系,以及对不同特征的样本之间作用效果有何差异。本文选择了能够反映金融规模及效率的五项指标(金融相关率、私营部门国内信贷、存贷利差、股票市场市值总额及交易额),通过对约7千万对贸易源数据及其他经济数据的计算、整理及实证检验,结果表明,金融发展对贸易增长的扩展边际确能产生显著的正向推动作用,且在发展中国家的边际作用效果高于发达国家,此外,在研发密度较高或融资依赖度较高的产业上作用更大。我国的出口贸易虽然持续高速增长,但品种单一、抗干扰能力差一直是需要重视的问题。该结果对于我国出口贸易政策及金融改革具有重要意义。一方面,我们应该将对贸易增长的关注点转移到集约边际与扩展边际并重,另一方面,我们应该继续深化金融改革,充分发挥金融发展对贸易的支持作用,促进我国逐渐向贸易强国迈进。
[Abstract]:The heterogeneity of enterprise model will focus on international trade to further analyze its essence, characteristics of growth. The new new trade theory, trade growth consists of two directions: one is the simple quantitative growth, one is to broaden the product categories and trading partners, the former is called intensive trade growth of marginal (Intensive Margin), the latter is the expansion of trade growth margin (Extensive Margin). Financial development can promote faster growth of international trade, and the impact of two yuan to the marginal, the characterization of extended marginal trade competitiveness, trade benefits to get more attention. This paper reviews the theory of financial development, combined with its contribution the financing constraints, briefly summarizes the mechanism of the role and impact of two yuan marginal produced, and the Chaney (2005) model for re analysis. At the same time, sums up the connotation of the margin of two yuan, And describe the characteristics of the financial development of the global scope of the survey and the national export two yuan margin at present, in order to reflect the current situation, the total sample of 1996-2012 from 69 countries and different sub samples for empirical research, quantitative analysis of financial development and expansion of marginal links, as well as the different characteristics between the effect of sample is there any difference. This paper chooses five indexes to reflect the financial scale and efficiency (the rate of financial sector, domestic credit spreads, stock market capitalization and total transaction amount), through the calculation of trade source data and other economic data is about 70 million, and finishing the empirical test, the results show that the financial development on the growth of trade expansion is marginal can have a significant positive effect, and higher than that of the developed countries, in the marginal effect of developing countries in addition, in the development of high density The role of financing or high dependence on industry bigger. China's export trade has maintained rapid growth, but the single variety, poor anti-interference ability has been the need to pay attention to the problem. It has important significance to China's export trade policy and financial reform. On the one hand, we should focus on the growth of trade transfer to the intensive margin and marginal expansion of both, on the other hand, we should continue to deepen financial reform, give full play to the role of financial support for the development of trade, promote our country gradually to trade power forward.

【学位授予单位】：南京大学
【学位级别】：硕士
【学位授予年份】：2015
【分类号】：F832;F752.6

【共引文献】