An Empirical Study Of The Effect On The Financial Development Of China’s High-tech Products Export

Since China’s implementation of the "trade" strategy, the export trade structure has undergone significant changes. The proportion of high-tech exports increased significantly, to optimize the structure of China’s exports, improve the technological content of export commodities have a significant driving effect, but at the same time, the entire high-tech products export structure increasingly huge trade gap. In the academic community, there are more scholars to study the role of financial development on trade structure optimization, some scholars to verify the financial development of high-tech products export an important supporting role. But specific to the field of high-tech products export structure, less research scholars. Based on the above background, this paper carried out empirical studies of the financial development of high-tech products export structure effect.This paper systematically combing at home and abroad on financial development and its high-tech exports, review of financial development and international trade comparative advantage theory and research progress, summarizes the mechanism of interaction between the two; the level of financial development the efficiency of financial development, the scale of financial development and financial development structure, in order to measure a country’s level of financial development; export structure is defined as the scale of export and export, in order to measure the changes of various industries exports; financial development and high-tech products export of mechanism analysis of the comparative advantage of financial development and international trade, financial development of high-tech products export structure intrinsically linked and pathway.In this paper, the2000-2011data of the nine high-tech industry and the use of panel data model to analyze the effect of the financial development of high-tech products export structure; panel data model regression analysis, quantitative exploration of financial development on nine high-tech industry the exports effect relationship; Granger causality test, the causal relationship between financial development and structure of exports of nine high-tech industry. Derived from empirical conclusion is:the nine industries empower the financial scale of development (ZFGM) of its the export scale (PGDP) and the composition of exports, there is a significant Granger causality. The level of financial development in different sectors export structure is not exactly the same.According to the results of empirical analysis, this paper proposes policy recommendations to promote the export of high-tech industries in China, and the follow-up study.