The Influencing Factors of China’s Service Exports to High-income Economies: An Empirical Study Using Gravity Model and Random-effect Panel Data Model
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Abstract This article selects 19 high-income economies as representatives, then constructs a new Gravity model, and after unit root and co-integration tests on the 2001-2013 panel data, adopts a Panel-data Random-effects model to conduct an empirical study on the factors influencing China’s services exports to high-income economies. The results show that China’s goods exports, its services export’s sophistication upgrading, real FDI from high-income economies as well as bilateral GDP increases are producing positive effects, while the appreciation of RMB’s real effective exchange rate and the distance variable demonstrate negative responses.
SHAO Jian-Chun. The Influencing Factors of China’s Service Exports to High-income Economies: An Empirical Study Using Gravity Model and Random-effect Panel Data Model. Economic Survey, 2017, 34(1): 069.
2017, Vol. 34 
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