A Research On The Influential Factors Of Growth Rate Of China's Hign-tech Products Export

With the deepening of economic globalization and the rapid development of technology,high-tech industry has become the leading industry of China.The export of China's high-tech products increased significantly in recent years,competitiveness of high-tech products has also been strengthened.The export of high-tech products has played an important role in promoting China's economy.However,with China's economic growth slowing down,high-tech products export situation is not optimistic.In recent years,the high growth rate of high-tech products export is difficult to sustain.In the environment of weak economic,how to maintain the stability of growth of high-tech products export is a matter of deep concern.What is the directions and power of China's high-tech products export growth?What are the factors that affect its growth rate?The answers to these questions will provide an important basis for the development path of China's hi-tech products export.Combined with the theory of Endogenous Growth,Technology Gap,Product Life Cycle and National Competitive Advantage,and based on literatures of export growth and export of hi-tech products,this paper uses the dual margins model,constant market share model and fixed effect panel model as research methods to analyze factors of export growth of China's high-tech products in-depth.Firstly,this paper analyzes the factors of high-tech products export growth on the basis of clarifying the meaning of high-tech products,and then analyzes the development status of China's hi-tech products export from the view of export scale,export structure,export market and enterprise type.Then,this paper analyzes the direction and dynamics of China's high-tech products export growth by analyzing the UN Comtrade data encoded by HS-6 from 2007 to 2015,uses the dual margins model and the CMS model to study the decomposition of high-tech products export growth rate.Then this paper found some China's high-tech products export problems.Next,this paper set up a fixed effect panel model and empirical tests to examine the relationship between China's high-tech products export growth rate and R&D investment,FDI,labor productivity,international competitiveness.Through the research,we find that the growth path of China's high-tech products export is mainly along the direction of intensive marginalization,that means the contribution of intensive margin to the growth of China's high-tech products export is greater than the contribution of expansion margin to export growth.The economies of scale play a leading role in the growth of high-tech products export.R&D investment,FDI and international competitiveness all have positive effects on the growth of high-tech products export.The productivity of labor has a negative effect on the growth rate of hi-tech products,which is mainly due to the China's processing trade as the main trade-related.Finally,on the basis of the conclusion,this paper puts forward some countermeasures to promote the growth of China's hi-tech products export.