摘要
本文通过拓展一个异质性企业贸易模型分析房价上升对企业出口行为的影响,并使用2002-2007年中国制造业企业的微观数据对理论模型进行实证检验。结果显示:第一,房价上涨会抑制出口企业的出口规模,并且这种抑制作用对外部资金依赖度高的行业更大;第二,房价上升对企业出口倾向的影响取决于地区的金融发展水平,在金融发展水平高的地区,房价上升则会提高企业的出口倾向,反之亦然;第三,在金融发展水平较高的地区,房价上升对外资企业出口倾向的促进作用更为明显。
Through expand a heterogeneous firm trade model to analyze the effect of house prices on enterprise export be- havior, and use the data from 2002-2007 Chinese Industrial Enterprises Database to empirically test. The results showed that： firstly, high house prices reducing exporters＇ export scale and the effect is bigger in industry that have higher external capital dependence; secondly, the effect of house price on firm＇s export tendency depends on the level of regional financial development, the rising house price will promote firm＇s export tendency in the region that have higher level of financial development and vice versa; thirdly, the house prices have bigger positive effect on foreign firm＇s export tendency in the region that have higher level of financial development.
出处
《中国经济问题》
CSSCI
北大核心
2016年第5期3-15,共13页
China Economic Studies
基金
国家社科基金青年项目(11CJY045)
江苏高校社科项目(2015SJB135)
上海财经大学研究生创新基金项目(CXJJ-2014-347)的资助
关键词
房价
出口
融资约束
Heckman两步法
house price
export
financing constraints
Heckman selection model
