论文部分内容阅读
本文首先利用Hummels和Klenow(2005)分解方法测度了1996-2010年中国出口主要市场的二元边际结构,然后在异质企业理论框架下,运用面板分位数模型考察了金融发展对中国出口增长二元边际的影响。结果显示:集约边际是中国出口增长的主要来源,扩展边际有待提高;金融规模、金融结构、金融效率等三个指标提高均能够促进中国出口二元边际增长,且对扩展边际促进作用更大;随着分位点的提高,三个指标对扩展边际的促进作用处于下降,而对集约边际的影响存在较大差异。这些结论为当前中国通过金融发展稳定出口增长提供了一些重要参考。
In this paper, firstly, we use the decomposition method of Hummels and Klenow (2005) to measure the dual marginal structure of China’s major export markets from 1996 to 2010, and then use the panel quantile model to examine the impact of financial development on China’s export growth under the framework of heterogeneous enterprises The Impact of Binary Marginal. The results show that: the intensive marginalization is the main source of China’s export growth, the expansion margin needs to be improved; the improvement of three indicators, such as financial scale, financial structure and financial efficiency, can promote the dual marginal growth of China’s exports and play a greater role in expanding the marginalization; With the improvement of the sub-locality, the promotion effect of the three indicators on the expansion margin is declining, while the impact on the intensive margin is quite different. These conclusions provide some important references for China to stabilize its export growth through financial development.