The Study On The Accounting And Its Influencing Factors Of China's Provincial Export Trade In Value Added

In the 21 st century,with the rapid development of economic globalization and the deepening of the international division of labor,the traditional trade in end products has been transformed into the distribution of production in different countries,as well as cross-border trade flows of intermediate goods.China has actively integrated into the international division with its cheap labor.The rapid expansion of export volume and the substantial increase in trade volume,which has made China become a world trade power.However,many studies have shown that most of China's manufacturing industry is engaged in processing and assembly and other links.These links create less value-added value,but the customs on the statistical basis of traditional trade statistics method has shown a relatively large export volume.In the economic environment that the international economic costs continue to decline and trade activities tend to liberalize,the specialized production of the product is often achieved by a collaborative approach in many countries.The traditional trade measurement method has been difficult to objectively and accurately reveal the international production of the whole process,nor for a specific country to monitor the real situation of its import and export trade.Trade in value-added accounting is a new method of accounting for international trade,accounting for the whole value-added part of the export trade,taking the specific situation of the trade into account in the different parts of the global value chain.On the study of statistical methods of trade in value-added,domestic and foreign scholars have tried to gradually realize the transition from criticizing traditional trade statistics to proposing the concepts and methods of the Trade in value-added.Foreign scholars focus on the establishment of models and quantitative analysis of one or more countries of bilateral trade,pay more attention to inter-country trade between the macro data quality.While domestic scholars mainly focus on the measurement methods of the trade in valueadded and its application to do the further related research on the export value of China's exports.This paper draws on the calculation methods of trade in value-added accounting which has been formed before,and uses the input and output tables of 2002,2007 and 2012 published by the National Bureau of Statistics and the provincial and municipal statistical bureaus to respectively re-measure the scale of the export trade and the scale of the value of the export trade increase of the export trade of China and 30 provinces and municipalities and autonomous regions and make a comparison with the calculate results of the traditional trade statistics method and compare the situation of its annual changes.Furthermore,in order to understand the trade value of each product level,this paper also takes China and Zhejiang Province as an example to study and compare the trade structure and trade value of its main export commodities to understand the industry comparative advantage of China and Zhejiang Provincial,and provide a reference to the future development of the trade policy.The study shows that exports play a vital role in the rapid development of China's economy,but the traditional customs statistics method not only over-estimates the scale of China's exports,but also seriously distorts the scale of exports of various industries in China.In terms of sub-sectors,the higher value-added commodities such as agricultural products,foodstuffs,wood products,textile and leather goods and other labor-intensive industries,and the lower unit value of exports goods,including chemical products,machinery products,and other technology-intensive industry products.1/3 of the manufacturing sectors of China regard processing trade as the main export,which has a greater impact on the China's total exports of the added value.The focus of this paper is to divide China's 30 provincial and municipal autonomous regions into three regions of the eastern,central and western regions,and study the value added in different regions,and analyze the imbalances in economic development among different regions from the perspective of trade value added phenomenon.Through further comparison,we can find that China's export value increase generally shows a growing trend,and there are also large differences in the value of export trade in different regions.The value of export trade in the eastern region is obviously higher than that in the central and western regions.In addition,this paper uses the random effect model of panel data,and select the panel data of 30 provinces and municipalities autonomous regions in 2002,2007 and 2012,to discuss the factors of trade value added value in China and the eastern,central and western regions.The results show that export scale,actual use of foreign direct investment(FDI),R&D investment,fixed asset investment and government subsidy are important factors to enhance the value of export trade in China and each region.The scale of export expansion can significantly bring about the corresponding value of trade growth;R&D investment,fixed asset investment,government subsidies can indeed have a positive impact on the export value of China and various regions,making the export enterprises obtain greater value-added benefits.The contributions of this paper are as follows: this paper firstly calculates the value of export trade of each provinces based on the input-output table of each provincial and municipal level,and then analyzes the difference among different regional effects and its export trade value added of the factors,to further expand and refine the scope of the study of trade value added.However,this paper still has the following limitations: First,because China's input-output tables are made every five years,and each year is not continuous,and the amount of data in each province is too small,there is a big limitation for our study on the trend of change and its influencing factors of the various provinces and municipalities and autonomous regions trade value added.Second,as the customs data of each province is difficult to obtain,it only can use the proportionate method to distinguish the elements between the domestic and foreign products.But this method is a certain error,which will make the proportion of domestic trade value added become larger.