出口表现的决定因素：来自中国工业的证据外文原文.pdfVIP

Economics of Planning 36: 45–67, 2003. 45 © 2003 Kluwer Academic Publishers. Printed in the Netherlands. Determinants of Export Performance: Evidence from Chinese Industries XIAOHUI LIU1 and CHANG SHU2 1Department of Business and Marketing, Luton Business School, The University of Luton, Park Square, Luton, Beds LU1 3JU, UK (E-mail: xiaohui.liu@luton.ac.uk); 2Research Department, Hong Kong Monetary Authority, 30/F, 3 Garden Road, Central Hong Kong, Hong Kong (E-mail: chang_shu@.hk) (Received 20 November 2001; accepted in revised form 9 May 2003) Abstract. This paper empirically investigates the determinants of Chinese export performance using cross-sectional data at the industry level. We find that the export performance of different industries is significantly influenced by labour costs, foreign direct investment (FDI) and firm size, and thus open to a variety of explanations offered by traditional and new trade theories. These findings indicate that Chinese industrial sectors have realised their comparative advantages, but point to the need for the industries to upgrade their export structure in order to sustain growth. JEL Classification: C31, F14, F23 Key words: Chinese industries, comparative advantages, export performance, FDI 1. Introduction The phenomenal economic growth in China has been accompanied by fast growth in its export sector as well as significant changes in trade patterns in the country’s industrial sectors. China accounted for a mere 0.75% of total world exports in 1978. However, by 2001, this share had increased to 3.9%, moving China from the 32nd to the 6th largest trading nation in the world (WTO, 2001). China’s trade volumes and patterns at the aggregated level have been examined extensively in the literature (Lardy, 1994; World Bank, 1994; Fukasaku and Le- comte, 1996; Fung, 1996; Zhang and Song, 2000; Sun, 2001). The extent to which trade