| Since the reform and opening up, China already has formed all-around, multi-channel, wide-ranging and multi-level pattern of opening to the outside world, export scale continued to rapidly increase, becoming the biggest exporter in the world. However, export structure with low quality﹑low end products, export trade is big not strong, showing a typical characteristics of"a poor sources country, a trade giant with low-end merchandise", restricting china from a big trading nation to trade power﹑economic giant into economic power. Judging from china'realistic conditons, a large population and scarce capital, export of labor-intensive products has comparative advantage. The problem is that as rising labor force cost, increased competition about low end product and foreign demand level'upgrading, low technical content'manufactured goods will gradually lose its competitive advantage. Tt is difficult to adapt to market competitive requirement for"quality win competition", and easily into"comparative advantage trap". Currently, it is urgent to upgrade export commodities'technical content and optimize export structure for trade sustainable development and export competitiveness. However, financial development lags behind export development, leading to financial constraint during export structure optimization. Especially, it is export structure optimization'obstacle for"absence of finance supportting export structure optimization'system", which constrains the development of capital-intensive﹑technology-intensive industry and export structure optimization. Based on these, from financial development'perspective, the dissertation focuses on the theoretical relationship between financial development and export structure optimization﹑ realistic situation﹑ existing problems﹑ the intrinsic influence mechanism and other topics, building a new mechanism for finance supporting export structure optimization.The main contents:①To analyze the theoretical relationship between financial development and export structure, in order to clarify the channel of finance influencing export structure optimization, providing a theoretical base for latter chapters;②To analyze the current situation between financial development and export structure optimization, based on VECM model to inspect long and short causality between the two, discoving the two'existing problems, providing realistic background for latter reaearch;③From scale economic'perspective, the dissertation has built a general equilibrium model(CGE) for financial development determining export structure optimization, analyzing the intrinsic mechanism containing finance overcoming information asymmetry,reducing transaction costs and mechanisms about finance determining export structure, and discussing equilibrium in closed and open economic condition. Then, using 28 provinces'panel data of 1992-2009,the three regions'financial development and export structure'panel data to test the relationship between the two;④From the perspective of export commodities'technical content'promotion, the dissertation studys the relationship between financial development and export commodities'technical content'increase, using panel data to make an empirical test;⑤From financial development'perspective, the dissertation has built a new mechanism for finance supporting export structure optimization.The main conclusions:①From national level, china's financial development has promoted export structure optimization, but finance need to strengthen support for high-tech industry . This chapter 4 shows:from both long and short see, there is a two-way causality between financial intermediary and manufactured goods export; from long, financial intermediary and capital market are conducive to high-tech products export; from short, export structure optimization of manufactured goods,high-tech products export are conducive to financial intermediary;②From provincial level, financial development has significantly influenced manufactured goods export,high-tech products export and comparative advantages index, but it does not significantly influence trade competitiveness index;③From regional level, financial development difference among eastern,central,western, significantly differently has influenced trade comparative advantages and trade competitiveness index. The three regions'financial institution efficiency has a positive impact on regional high-tech products'comparative advantage index and trade competitiveness index. In the eastern region, financial development scale and efficiency have a significant impact on high-tech products'comparative advantages index. In central and western regions, it is not significant for finance to influence high-tech products'comparative advantages;④From industrial level, the results showed that it is different for financial developmet to influence technical content of export products by external financing dependence.The major innovation:①The dissertation makes a breakthrough in the current descriptive analysis of the relationship between financial development and export structure optimization, building a general equilibrium model to analysis the mechanism of financial development influencing export structure optimization mechanism, to clarify the logical relationship between the two,mechanism and the constraint conditions. Model can not only reveal the relationship about china's finance and export structure, and can be used as a theoretical framework to explain the relationship between general developing countries, reflecting dissertation'theory value;②Based on empirical study in the national, provincial, regional and industrial level, there exists bigger difference in regional,industrial level on the relationship between the two, deepening the understanding of the relationship between the two, providing experience support to understand the differences cause about the relationship between financial and export structure in regional,industrial level;③Based on financial development'perspective, the dissertation has constructed the trinity mechanism about financial supporting export structure optimization, namely policy finance,the commercial finance and capital market supporting export structure optimization'system, providing a viable finance control mechanism. The main theoretical perspectives and policy propositions the dissertation reveals, which is to serve country'strategy implementation of"winning with quality","promoting trade with science and technology". The mechanism provids theoretical basis on financial development steps, having a guiding significance for decision-making and management (such as the Ministry of Commerce of PRC, the People's Bank of China). |
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