Empirical Study on the Relationship of Financial Development and Foreign Trade in China： 1978-2007
Based on the Chinese data of 1978-2007,we studies the relationship between financial development and foreign trade using senior econometrics methods and modern statistic analytic techniques such as JJ cointegration test in VECM and ALMON Models. Empirical analysis shows that financial development and international trade have a stable long-run equilibrium relationship. The scale of financial development remarkably promotes the growth of foreign trade. We also find a strong effect of the financial sector on optimizing the structure of exported commodities， and the export growth of industry manufactures can promote the efficiency of financial development in short-term. However, the impact of the growth of foreign trade on the scale of the financial development is weak.
Financial Development Foreign Trade VECM Model ALMON Model
ZHAO Jingmin
School of Management, China University of Mining and Technology Xuzhou Istitute of Technology, P.R.China, 221008
国际会议
2009 International Institute of Applied Statistics Studies(2009 国际应用统计学术研讨会)
青岛
英文
1-9
2009-07-25（万方平台首次上网日期，不代表论文的发表时间）