Research On The Relationship Between My Country's Financial Development And Export Trade Structure

Forty years of reform and opening-up,our country foreign trade department expanded rapidly,both from the export volume and export structure,great progress has been made in 2013 China's total import and export trade of the United States beyond,to become the world trading power.However,compared with the progress made in the total volume of trade,the improvement of China's trade structure is only satisfactory.Composition of export commodities in our country at present stage,the primary products and the proportion is still high,of labor-intensive products export trade structure appear unbalanced condition,compared with the developed countries in the quality of products,technology content and added value is a great disparity,etc.On the one hand,it will lead to our country's current account imbalances,on the other hand,the category of export commodities are often subjected to the anti-dumping of importing countries,antitrust measures resistance,leading to the category of demand fluctuation is bigger,impedes the stability of the industry development.For support related issues,the trade structure to improve the financial development of scholars represented by Beck has carried on the detailed discussion,in combination with financial development theory and on the basis of traditional trade theory,summarizes the financial development of the trade structure to improve the mechanism of action and effect.In this paper,on the basis of predecessors' research,more relevant to China's financial and trade development present situation,the research of financial development on China's export commodity structure upgrade,comprehensively systematically analyzes the financial development of China's export structure transformation mechanism,establishing the theory of financial development to promote our country trade structure to improve the model.Its specific mechanism embodied in the development of capital market,gradually improve the regulatory mechanism of interest rate and exchange rate,expand financing channels of China's trade enterprises,reduce the financing cost,improve the efficiency of capital allocation,promote the formation of the export industry economies of scale,etc.In empirical research part,this paper will our country export commodities according to the international trade in goods classification standard is divided into nine categories,and then selected the three indicators to measure the degree of financial development in our country,using co-integration analysis method,by investigating the financial development in our country is not the same kind products export trade influence to study the effect of financial development of our country export trade agency.The empirical results show that there is a long-term equilibrium relationship between the nine export commodities and the three financial development indicators,which proves that the financial development has a significant impact on the optimization of export trade structure.The cointegration analysis also revealed that the primary products exports and that there was a positive correlation between financial development and financial development promoting effect to the capital-intensive manufactured products export trade performance,for labor-intensive products export trade influence is not accurate definition.Overall,financial development is of positive significance to optimize the structure of export commodities in China.Finally,the paper puts forward corresponding policy Suggestions according to the empirical results.