Impact of Digital Economy on China's Services Trade Competitiveness

Xinxin He
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Abstract

With the global spread of the new coronavirus epidemic, international trade has been greatly hindered. However, the rapid development of the digital economy has improved the efficiency of financial services and government governance, providing new solutions and perspectives for countries to develop service trade. Therefore, this paper uses the macro panel data of 30 provinces in China from 2013 to 2020 and the system GMM model to empirically test the impact of digital economy on the competitiveness of service trade from the perspective of financial development and government governance. This paper finds that the development of the digital economy can promote the progress of financial industry and strengthen the level of government governance so as to enhance the competitiveness of service trade; that is, financial development and government governance have mediating effects. Based on the above results, the author proposes to deepen the digital transformation of government governance, deepen the digital reform of financial services and promote the process of digital legal supervision.
数字经济对中国服务贸易竞争力的影响
随着新型冠状病毒疫情在全球蔓延,国际贸易受到极大阻碍。然而,数字经济的快速发展提高了金融服务和政府治理的效率,为各国发展服务贸易提供了新的解决方案和视角。因此,本文采用2013 - 2020年中国30个省份的宏观面板数据,运用系统GMM模型,从金融发展和政府治理的角度实证检验数字经济对服务贸易竞争力的影响。本文发现,数字经济的发展可以促进金融业的进步,加强政府治理水平,从而提升服务贸易的竞争力;即金融发展与政府治理具有中介效应。基于以上结果,笔者提出深化政府治理数字化转型、深化金融服务数字化改革、推进数字化法律监管进程。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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