Research on the Internal System Arrangement of China's Export Against the Trend: From the Perspective of Trade Facilitation

WANG Zhang-ming; ZHAO Jing-feng; CHENG Rui

Volume 35 Issue 3

May 2021

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Article Navigation > Journal of Guangdong University of Finance & Economics > 2020 > 35(3): 4-17+43

WANG Zhang-ming, ZHAO Jing-feng, CHENG Rui. Research on the Internal System Arrangement of China's Export Against the Trend: From the Perspective of Trade Facilitation[J]. Journal of Guangdong University of Finance & Economics, 2020, 35(3): 4-17+43.

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WANG Zhang-ming, ZHAO Jing-feng, CHENG Rui. Research on the Internal System Arrangement of China's Export Against the Trend: From the Perspective of Trade Facilitation[J]. Journal of Guangdong University of Finance & Economics, 2020, 35(3): 4-17+43.

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Research on the Internal System Arrangement of China's Export Against the Trend: From the Perspective of Trade Facilitation

1.
School of Economics and Management, Northwest University, Xi'an 710127
2.
School of Economics, Xi'an University of Finance and Economics, Xi'an 710100, China

Received Date: 2020-01-02
Available Online: 2021-05-13
Publish Date: 2020-06-28

Abstract

Abstract

Trade facilitation, as an important institutional arrangement for reducing transaction costs in the trade process, has an important impact on a country's export trade. Upon the continuously deteriorating external environment, it is imperative to explore the internal mechanism of export trade growth in the new era.On the basis of inter-provincial panel data from 2001 to 2016, this paper studies the impact of trade facilitation on reducing transaction costs. It is found that trade facilitation has a significant export growth effect, among which the improvement of the business environment quality works best, and this conclusion is still true after a series of robustness tests; trade facilitation promotes export growth mainly through mechanisms such as scale effect, agglomeration effect and cost effect. It is also concluded that as the geographical location extends to inland, the role of trade facilitation in export growth also increases. So does the export growth effect of trade facilitation with the improvement of product technology level. Transportation infrastructure, port clearance efficiency and government regulatory efficiency have the largest effect on export growth of mediumtech products, while the market business environment has the most significant effect on export growth of high-tech products. Therefore, optimizing institutional arrangements in the export process and improving the level of export facilitation are important internal driving forces for export still growth in the new era.
- trade facilitation,
- export trade,
- export growth,
- internal system,
- transport infrastructure,
- port clearance,
- government regulation,
- transaction costs,
- business environment,
- high-tech products

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References(38)

References

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