金融发展对中国制造业各行业比较优势的影响分析

发布时间：2018-06-17 14:10

本文选题：金融发展 + 比较优势　；参考：《湖南大学》2012年硕士论文

【摘要】：经济全球化是当今世界经济发展的一个重要特征，而经济全球化的两个重要方面就是金融市场与国际贸易的发展。但金融发展和国际贸易的关系问题一直未在理论界得到充分的重视。本文以金融发展条件下的比较优势变动为研究对象，深入分析了金融发展对比较优势的影响机制和途径，并运用中国制造业各行业的数据进行实证检验。本文在借鉴前人研究成果的基础上，分别从现状阐述、理论分析以及实证检验三部分研究了金融发展对我国制造业各行业比较优势的影响。在现状阐述部分，本文运用统计分析方法，从金融发展的规模、效率和结构三方面阐述我国金融发展的现状。并分别通过出口贸易结构和贸易竞争力指数（TC）从宏观国家层面和微观行业层面来分析我国国际贸易比较优势。在理论分析部分，本文在梳理以往比较优势理论的基础上将金融发展因素引入HO的理论框架中，说明金融发展可以通过融资支持提高资本禀赋和促进技术进步，从而影响一国的比较优势。并通过修正的Kletzer和Bardhan(1987)的数学模型进一步阐述金融发展、融资支持和比较优势的关系。在实证检验部分，本文基于外部融资依赖的视角，使用PCSE稳健估计方法以及可行性广义最小二乘估计方法（FGLS）深入制造业各行业内部，实证分析了我国金融发展对比较优势的影响，得出如下结论：金融规模的不断扩张对于制造业部门各行业比较优势具有明显的促进作用，，但现有的金融效率水平却限制了金融发展对行业比较优势的提高作用，而国有商业银行垄断地位的削弱，市场竞争机制的引入，也可促进金融功能的更好发挥，减少行业的外部融资成本，从而改善行业比较优势。同时，金融发展对不同外部融资依赖度行业比较优势的影响也存在一定差异。最后，本文在理论机制探讨和实证研究的基础上，系统提出了相关政策建议，如扩大金融发展规模，重视金融发展质量；完善中小民营企业融资机制；加强非国有金融机构发展等。
[Abstract]:Economic globalization is an important feature of world economic development, and the two important aspects of economic globalization are the development of financial market and international trade. However, the relationship between financial development and international trade has not been paid enough attention to. This paper takes the change of comparative advantage under the condition of financial development as the research object, deeply analyzes the influence mechanism and approach of the financial development on the comparative advantage, and makes an empirical test using the data of various industries in China's manufacturing industry. Based on the previous research results, this paper studies the impact of financial development on the comparative advantage of manufacturing industry in China from three parts: current situation, theoretical analysis and empirical test. In the part of the present situation, this paper, by means of statistical analysis, expounds the present situation of China's financial development from three aspects: scale, efficiency and structure of financial development. The comparative advantages of China's international trade are analyzed from the macro national level and the micro industry level through the export trade structure and the trade competitiveness index. In the theoretical analysis part, this paper introduces the financial development factors into the theoretical framework of Ho on the basis of combing the previous comparative advantage theory, and explains that financial development can improve capital endowment and promote technological progress through financing support. Thus affecting a country's comparative advantage. The relationship among financial development, financing support and comparative advantage is further expounded through the revised mathematical models of Kletzer and Bardhannberg (1987). In the empirical test part, based on the perspective of external financing dependence, the PCSE robust estimation method and the feasibility generalized least squares estimation method are used to penetrate into the manufacturing industry. This paper empirically analyzes the influence of financial development on comparative advantage in China, and draws the following conclusions: the continuous expansion of financial scale plays a significant role in promoting the comparative advantage of various industries in the manufacturing sector. However, the current level of financial efficiency limits the role of financial development in improving the comparative advantage of the industry. The weakening of the monopoly position of state-owned commercial banks and the introduction of market competition mechanism can also promote the better development of financial functions. Reduce the external financing costs of the industry, thereby improving the comparative advantage of the industry. At the same time, the influence of financial development on the industry comparative advantage of different external financing dependence degree is also different. Finally, on the basis of theoretical and empirical research, this paper systematically puts forward some relevant policy suggestions, such as expanding the scale of financial development, attaching importance to the quality of financial development, perfecting the financing mechanism of small and medium-sized private enterprises; Strengthen the development of non-state-owned financial institutions.
【学位授予单位】：湖南大学
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：F424;F832

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