国外金融服务投入对制造业出口比较优势的影响——基于2000-2014年全球投入产出数据(WIOD)的实证分析  

The Influence of Foreign Financial Services Inputs on Comparative Advantage in Manufacturing Exports:An Empirical Analysis Based on 2000-2014 World Input-Output Database

作　　者：史作杰 齐天翔[1] 陈雨珩 SHI Zuo-jie;Qi Tian-xiang;CHEN Yu-heng

机构地区：[1]对外经济贸易大学金融学院 [2]北京华品博睿网络技术有限公司

出　　处：《科学决策》2022年第4期76-93,共18页Scientific Decision Making

基　　金：教育部人文社会科学重点研究基地重大项目(项目编号:12JJD790029)。

摘　　要：国外金融服务投入能否促进制造业部门的表现,这一问题在我国金融业开放不断推进的背景下显得尤为重要。本文基于2000-2014年全球投入产出数据(World Input-Output Database,WIOD),从全球价值链增加值核算视角构建国外金融服务投入指标,并结合制造业外部融资依赖度和国内金融发展特征,实证检验国外金融服务投入对制造业出口比较优势的影响。结果表明:(1)国外金融服务投入能够显著促进一国制造业出口比较优势;(2)考虑外部融资依赖度后,国外金融服务投入对外部融资依赖度高的制造业出口优势促进作用更强;(3)区分国内金融发展差异后,发现国外金融服务投入对国内金融发展水平更高国家且外部融资依赖度高的制造业出口优势促进作用更大。Whether foreign financial services inputs can promote the performances of manufacturing sectors become more and more important in the context of China’s deepening financial openness.Using the 2000-2014 data from World Input-Output Database(WIOD),this paper calculates the foreign financial services inputs by applying the value added method in global value chains,and empirically test the impact of foreign financial services inputs on comparative advantage in manufacturing exports with combinations of the sectors’dependence of external finance and the features of domestic financial development.The results indicate:(1)foreign financial services inputs have a significantly positive impact on the comparative advantage in manufacturing exports.(2)considering the dependence of external finance,the higher dependence of external finance in manufacturing sector,the stronger role is played by the foreign financial services inputs in promoting the comparative advantage in manufacturing exports.(3)After distinguishing by levels of domestic financial developments,foreign financial services inputs in countries with a better developed financial system have a stronger influence on manufacturing export comparative advantage in sectors that exhibit higher level of external finance.

关 键 词：国外金融服务投入 制造业出口比较优势 外部融资依赖度 全球价值链 增加值 

分 类 号：F831[经济管理—金融学] F424