文献类型：期刊文献

中文题名：金融发展对中国贸易失衡的影响分析

英文题名：The Impact of Growth in the Financial Sector on the Chinese Trade Imbalance

作者：刘钻石[1];张娟[2]

机构：[1]华东理工大学商学院,上海200237;[2]上海对外经贸大学国际经贸研究所,上海200336

年份：2016

期号：1

起止页码：128

中文期刊名：国际商务（对外经济贸易大学学报）

外文期刊名：INTERNATIONAL BUSINESS

收录：CSTPCD;;国家哲学社会科学学术期刊数据库;北大核心:【北大核心2014】；CSSCI:【CSSCI2014_2016】；

基金：国家社会科学基金青年项目(11CGJ012);中央高校基本科研业务费专项资金(WN1122002);上海市教委科研创新项目(13YS095)的资助

语种：中文

中文关键词：金融发展;贸易结构;贸易失衡

外文关键词：Growth in financial sector; Trade structure; Trade imbalance

摘要：本文利用外部金融依赖度、有形资产率两个行业特征指标对中国贸易失衡进行了实证分析。研究结果表明近年来中国在这27个行业中大部分是贸易顺差,这种顺差的变化趋势是向外部金融依赖度高的行业和有形资产率低的行业转移。利用中国行业面板数据回归分析,可知金融发展会引起中国外部金融依赖度高的行业顺差和形成比较优势,但会引起有形资产率高的行业逆差。本文还利用国别贸易失衡面板数据回归分析,结果表明金融发展总体上会引起一国贸易逆差。
We use the external finance dependence index and the asset tangibility index to analyze the Chinese trade imbalance. We find that most of the industries show trade surpluses in recent years, and the surpluses are moving toward industries with low asset tangibility and a high degree of dependence on external financing. Industry- level panel data show that growth in the financial sector will lead to trade surpluses in industries with more dependence on external financing and a comparative advantage, but trade deficits in industries with higher asset tangibility. The country- level panel data show that growth in the financial sector will lead to an overall trade deficit.