Theoretical And Empirical Analysis On The Influencing Factors Of The Export Scale Of The Service Trade In China

With the deepening of economic globalization and the adjustment and update of world industrial structure, the focus of international industrial has transferred to services, trade in services has become an important component in international trade. Although China’s service trade continued to grow steadily, the service trade deficit is becoming larger and larger. This paper put the export scale of China’s service trade as the breakthrough point and combined with the analysis of current situation of service trade, and then analyzed the factors that affect the export scale of service trade through theoretical analysis and empirical analysis. It provided recommendations about how to expand the scale of service trade export and reverse service trade deficit.Firstly, this paper described the key point of the theory of comparative advantage and competitive advantage theory and their applicability for service trade, then analyzed the influence mechanism of the export scale of service trade through the level of economic development, the level of technology, foreign direct investment, the scale of economic development, the development of financial market and other factors.In the third chapter, this paper analyzed the development of China’s service trade, and measured the international competitiveness of service trade through TC index, RCA index and CA index,so as to a conclusion: China’s service trade as a whole has a competitive disadvantage and the development of sub-sector is extremely unbalanced.In the fourth chapter, this paper made an empirical study of factors that affect our country’s service trade based on annual data from 1999 to 2012. After eliminating multicollinearity among variables by using step wise regression, we had a conclusion: GDP, foreign direct investment,exports of goods trade, R&D expenditures and changes in exchange rates have positive correlation with China’s service trade exports, however the degree of financial deepening has a negative impact on China’s service trade exports.Lastly, this paper put forward some policy recommendations to expand the export scale of China’s service trade to promote the sustainable development of service trade on the basis of above analysis by planning service trade goals and structure of the target reasonable, strengthening the development of key sectors of trade in service, improving service trade management system,improving economic efficiency, improving the financial system, guiding foreign direct reasonable,exerting the linkage effect of trade in goods, strengthening independent research and development ability of trade department and improving the formation mechanism of RMB exchange rate.