The Research Of Services Trade Openness Effects On Urban Residents' Income In China

With the deepening of economic globalization,the liberalization of trade in services has become an important part of economic globalization.The scope and scale of service trade is expanding.Therefore,the opening of trade in services has played an increasingly important role in promoting the economic development,employment and income of a country.The opening of service trade in China is relatively late.However,in recent years,the scale of trade in services has been developing rapidly,and the structure of trade in services has also been upgraded.It has become an important part of Chinese foreign trade.Service trade is the transnational flow of service sector products,whose essence is the international flow of labor and other factors through different ways and carriers.Therefore,trade in services has a more direct impact on labor income,and is more likely to be affected by factors such as labor mobility.China is a country with abundant labor force and relative scarcity of capital and technology,and service trade is more important to the income of domestic residents.On the basis of traditional international trade theory,this paper sets up a mathematical model of the relationship between service trade openness and income of our country.The conclusion of the theoretical model shows that the impact of trade liberalization on the income of urban residents is mainly realized as follows:First,to improve the overall income level of urban residents;Two,expand the income gap between regions.Based on the theoretical model,this paper further makes an empirical study.Taking the panel data of Chinese provinces from 2003-2015 as the sample,the relationship between the services trade liberalization and the income level is tested by the fixed effect model.The results show that the services trade liberalization has a significant positive impact on the income of urban residents,and the role of the eastern developed areas is greater than that of the central and western regions.The opening of Chinese service trade has expanded the income gap between the eastern and western regions.This is consistent with the theoretical model.Our country should be based on the advantages of traditional service trade on the development of emerging service trade,and the importance of regional service trade development is not balanced,in order to achieve the overall quality level of opening up in Chinese service trade promotion.