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Research On The Impact Of Institutional Quality On China's Intermediate Product Export Trade

Posted on:2021-01-09Degree:MasterType:Thesis
Country:ChinaCandidate:Z H ZhengFull Text:PDF
GTID:2416330602489499Subject:International business
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Intermediate product export trade can effectively promote the formation and development of the regional value chain led by China,and has an irreplaceable and important role in deepening the division of labor and cooperation between China and the countries along the "Belt and Road",and the improvement of the system quality of the countries along the route It is an accelerator to deepen this process.This article starts with an exploration of the mechanism by which institutional quality affects the trade in intermediate products,and finds that institutional quality has both direct and indirect mechanisms.Then,from the perspective of the occurrence of two comparative mechanisms of comparative advantage and transaction cost,specifically explore the impact mechanism of the system quality of countries along the route on China's intermediate product exports.The improvement of the system quality of the countries along the route can significantly improve the comparative advantages of the countries along the route,thereby attracting more intermediate product exports.While meeting their own needs,they have the opportunity to learn advanced technologies from them and promote themselves to the high-end of the value chain;It can reduce unnecessary transaction costs and transaction costs,increase the willingness of Chinese enterprises to export intermediate products along the route,and promote the export trade flow of intermediate products.This article next analyzes the status quo of intermediate product export trade between China and countries along the“Belt and Road”and the system quality of countries along the route.In terms of the export of intermediate products,through the comparison of the three types of export products,it was found that China's intermediate products export trade with countries along the route is getting closer and the scale of trade is expanding.Among them,almost half of the exported intermediate products are processed products for industrial applications,technology The proportion of parts and components with a high content continues to rise.However,there are also problems such as high export costs,lack of production factors in the countries along the route,lack of competitiveness in intermediate products,and imbalance in the distribution of trade benefits of intermediate products.With regard to the system quality of the countries along the route,through the measurement of the system quality of the political,economic,and legal aspects of the 27 countries along the route,problems such as high corruption,high political risk,and low legal system were found in the system quality of the countries along the route.By constructing a data model,taking China's intermediate product export trade flows to countries along the route as the explanatory variables,and the institutional quality of the countries along the route as the core explanatory variables,and introducing 7 control variables to examine the impact of the institutional quality of the countries along the route on China's intermediate product export trade.The final empirical results show that:the improvement of the system quality of the countries along the route has a significant effect on China's intermediate product exports.The improvement of the system quality of the five Central Asian countries is the largest among the countries along the route;the improvement of the political system quality is the largest.According to this,policy suggestions are made to increase the vitality of intermediate product trade development in the regions along the "Belt and Road”for key development and countries with higher system quality along the Belt and Road;Political,economic and legal system communication,shorten the institutional distance;ultimately from the perspective of intermediate product exporting companies,China should actively build a modern and efficient information sharing platform to reduce trade losses due to information asymmetry and achieve information Efficient communication,and the willingness to promote the export of intermediate products.
Keywords/Search Tags:Export of Intermediate Products, System Quality, Countries along the "Belt and Road"
PDF Full Text Request
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