Analysis On The Influencing Factors Of China's Textile Export Growth

In recent years,as aresult of a decrease in the world economic growth,the demand of international market,commodity prices and domestic investment,China's export trade are facing downward pressure.Textiles as a traditional labor-intensive export products in China,has been accounted for a large proportion in China's export trade.Textile exports falling in China since 2015,the situation is not optimistic.Study on the textile export trade is increasing at home and abroad,and there are many in-depth analysis about textile export structure optimization and export competitiveness.However,few literature is dedicated to the in-depth research on China's textile export growth influential factors.Through the analysis of the status of China's textile export trade,quantitative analysis the role of influential factors on export growth,will benefit to promote textile trade to maintain fast and efficient development.In this paper,mainly based on the theoretical analysis at home and abroad.At first,through comparison among three kinds decomposition methods of Dual Margin model,the final selection is decomposition of measure method to build the Dual Margin model of China's textile export growth.Secondly,based on the requirement and the comparability of data,in this paper,using the textile trade data from the United Nations trade database,decomposing the textile export growth into scale effect,competition effect and interaction effect,investigating the impact of those effects on China's textile export growth.Finally,using the bilateral panel data of major trading partners,building panel data model,through the empirical analysis,quantitative measure contribution rate of various factors on the textile export growth source.Through in-depth analysis,showed that China's textile export trade export market is too concentrated,the export market structure is not reasonable,the competitiveness level is very uneven,the research and development of textile enterprise is insufficient,and there are serious problems in upgrading industrial structure.The empirical results showed that the intensive margin is the major contribution of China's textile export growth factors,the function of extensive margin is limited;scale effect is one of the important factors of textile export growth,the role of competition effect on China's textile export growth is more and more important,the interaction effect shows that China's textile export market structure is reasonable,but still needs further adjustment.The GDP growth,the per capital GDP growth,the exchange rate changes growth,the credit in GDP growth,fixed cost growth influenced textile export growth differently.According to the research conclusion,puts forward some countermeasures to improve textile export growth.