Research On The Influence Of Financial Service Trade Restriction On Banking Exports

This paper focuses on the banking industry as the service industry is the key development area of the national economic transformation.As the core of the service industry,the research on the influencing factors of the service trade of the banking industry can improve the development level of the service industry.After the economic crisis,the global economic growth is not sustained and the international uncertainty still exists,and the trade restrictions are generally adopted by all countries.Trade liberalization has been the goal of global pursuit,and the limit of international trade in service trade has been reduced,but the restrictions on trade in services still exist in International service trade.With the slowdown of economic growth,the influence of international trade in service trade on the foreign trade of a country has attracted more and more attention from the state and enterprises.How to deal with the restrictions on international trade in services and promote the development of international trade has become a problem that can not be ignored all over the world.At present,there are many studies on the restrictions on trade in services,but most of them are concentrated in the field of BOP statistics.Few documents have been made to study the impact of specific service trade restrictions on the GATS and FATS statistics in the banking industry.The impact of specific restrictions on international banking services on Banking exports is studied by the United States as an example,and service trade is provided for all countries in the world.Policy recommendations for sustainable development.This paper sorts out the economic effects of service trade restrictions and the mechanism of the impact on the banking industry,and clarifying the path of service trade restrictions.This paper summarizes and compares the methods of measuring international service trade restrictions by the two major international organizations and its calculation results,and finds that the trade restrictions in the developed countries are relatively low,and the limits of the commercial existence model and the restrictions on foreign investment access are the highest.It describes the environment and current situation of service trade in the United States and the characteristics of banking trade in services.This paper selects the panel data of BOP statistics and GATS statistics in the United States for 2014-2016 years,selects the OLS model to return the trade restriction policies respectively,and obtains the restrictions on service trade and the influence of the restrictive policies on the export of the banking industry,and verifies the conclusion of the theoretical analysis.The influence of international trade in service trade restrictions on the export of banking industry has the following conclusions:the effect of service trade restrictions on the export of banking services is significantly negative.Foreign access and discriminatory restrictive policies all inhibit the export trade of banks,and the barriers to competition have a promoting effect on trade.The effect has an inhibitory effect on commercial existence,and the effect of regulatory transparency policy on trade is not obvious.The per capita GDP of the trading countries,the population,the development degree of the domestic financial market and the promotion of the openness of service trade contribute to the increase of the export of the banking industry,which is also positive to the export of the banking industry.Finally,based on the regression results,policy recommendations are put forward.