我国制造业融资约束影响出口三元边际的实证研究

By using three margin methods and HS 6-digit export data set of 117 countries, this paper decomposes China's export growth of 25 manufacturing industries during 2000-2013 into extensive, price and quantity margin. Then it uses system GMM method to empirically research the impact of credit constraints on export margins. The results show that: China's export growth is mainly driven by intensive margin, which is mainly prompted by quantity margin; Credit constraints have a significant impact on the three margins. The ease if internal and external credit constraints help to promote the growth of extensive and quantity margin and there is a different influence on price margin between internal and external credit constraints.