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2011 Fourth International Conference on Business Intelligence and Financial Engineering
The Mechanism as to How High-Tech Products Import Affect Their Export: Evidence from a China's Panel
Wuhan, Hubei China
October 17-October 18
ISBN: 978-0-7695-4527-1
To show how import of China's high-tech products promotes their export, this paper develops an inter-provincial panel data model. In the model, independent variable is export of China's high-tech products, and dependent variables involve import of China's high-tech products, cross term of import and R&D spending, cross term of import and human capital and corss term of import and intellectual property rights. Empirical results show that: (1) high-tech commodity imports itself can not promote the corresponding commodity exports, (2) only those high-tech commodity imports matched with R&D expenditure, human capital, and protection of intellectual property rights promote export of high-tech products. This also implies that for developing countries, the growth of import should be progressive. Finally, several policy recommendations are proposed to help the Chinese government to adjust the foreign trade strategy.
Index Terms:
high-tech products, import, export, panel data model
Citation:
Mingrong Wang, Mingxi Wang, Dabin Zhang, "The Mechanism as to How High-Tech Products Import Affect Their Export: Evidence from a China's Panel," bife, pp.72-76, 2011 Fourth International Conference on Business Intelligence and Financial Engineering, 2011
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