The Research On The Relativity Of Financial Deepening And Manufacturing Export Trade Competitiveness In Hunan

In recent years, The financial deepening in Hunan whose scale expands day byday has obtained the huge achievements and made the economy to develop rapidlythe foreign trade competitiveness in a region including the competitiveness of exportcommodities and the competitiveness of export trade enterprises reflects the economicdeepening level in a region. Therefore, it has important theoretical significance andpractical significance to study the relationship of the financial deepening and thecompetitiveness of export trade. This paper selects manufacturing industry (withelectrical and mechanical industry and high-tech industry as representative)whoseexport amount occupied the largest proportion in Hunan export for empirical research,to discuss how did Hunan financial deepening promote the export tradecompetitiveness’s optimization,and to propose the policy recommendations of exporttrade competitiveness’s optimization.In the theoretical analysis step, I provide an overview of the theory of financialdeepening and the theory of trade structure optimization respectively. Then analyzethe financial deepening effects on the export commodities competitiveness byinfluencing product comparative advantage and improving technology progress andscale influencing of economy.While financial deepening changes the competitivenessof export trade enterprises by expanding the credit scale and financial policy. Throughcomparative analysis of financial deepening situation and manufacturing export tradecompetitiveness situation in Hunan at present, to find out through what way thefinancial deepening effects the export products competitiveness and export tradeenterprises in manufacturing industry.In the empirical analysis step, through data processing, correlation analysis andregression test of the relationship between financial deepening and the manufacturingindustry export trade competitiveness, to show that the financial deepening in Hunandoes promote the optimization of export product competitiveness, especially formechanical and electrical industry. the direct financing scale in Hunan stock marketoccupied the small financing proportion, but it has a positive role on optimization ofmanufacturing export products competitiveness, and it promote the optimization ofHunan manufacturing export competitiveness.Finally, according to previous theoretical and empirical analysis of financial deepening, to put forward some suggestions to promote Hunan manufacturing exportproduct competitiveness and export enterprise competitiveness optimization throughthe promotion of Hunan financial deepening.