The Influence Research Of Zhejiang Financial Development On Foreign Trade Scale And Structure

The modern finance and international trade are two important components which promote one country’s economy growth and world’s development. The financial development international trade and economy growth have always been the important research topic for Scholars both at home and abroad. With the development of the economic globalization, integration and the progress of marketing, the interaction between finance and international trade is gradually strengthened. Finance development and financial supporting service have been the key elements to promote the international trade development and increase. Since1980s, the scholars both at home and abroad go on a more wide research about their interaction from the theory and practice. Based on the related literature at home and abroad and On-the-spot investigation, this paper adopt many methods such as normative research and empirical research combined, qualitative research and quantitative research combined,as well as the theoretical analysis and the case analysis combined, so as to reveal and interpret the inner mechanism and path.Next, we take the Zhejiang province as an example to start a case study and empirical analysis, then get some conclusions and put forward some advice for the healthy and sustainable development of foreign trade.This paper is divided into six chapters. The first chapter mainly introduces backgrounds research significance、methods and technology roadmap. The second chapter reviews related literature, such as finance development theories、 international trade theories and financial development affecting international trade theories. Moreover, we summary some financial development and foreign trade development indicators, so as to lay a theoretical basis for research. The third chapter shows the general mechanism that financial development promotes the development of foreign trade, and introduces AK models to analyze how the financial development influence resources endowment and technical differences, and change the one country’s comparative advantages, finally affect the scale of foreign trade growth and structural adjustment; On this basis, further clarify the four transmission paths:Spreading risk、improving the comparative advantage^Scale economy and exchange rate adjustment. The fourth chapter takes Zhejiang province as an example, analyzes the financial development and foreign trade development situation, characteristics, etc.; the fifth chapter start an empirical analysis about how the financial development scale influence foreign trade structure and function levels based on the data from1993; the sixth chapter put forward some suggestions and enlightenment which promote the coordinated development of the financial and foreign trade in the above theory analysis and empirical analysis and case study.Compared with the existing research, this paper may exist three aspects of innovation and different:firstly, this article explores the relationship between finance development and international trade development from the macro perspective, which is different from the existing research; In the theory framework, this paper clarify the four paths that finance development affect trade development, constructing the preliminary theoretical framework; On the empirical research, we select an unique indicators-informal finance indicator according to the characteristics of the economic development of Zhejiang province. However, it’s too difficult for us to acquire the related data. We have to turn to evaluate the scale of informal finance from1993based on the previous methods. This is perhaps a bold attempt and helpful exploration.This paper also has some disadvantages:firstly, we can’t get the latest achievements in theory due to limited method; secondly, we have to evaluate the scale of informal finance because of the limited data.