Dynamic effects of financial development on the structure of export commodities in China

This paper firstly analyzed the effect mechanism of financial development on the structure of export commodities, then constructed the distributed lag model and the state space model to analyze the effect of the scale, structure and efficiency of financial development on the structure of export commodities in China. The results confirm that financial size, financial structure and financial efficiency is conductive to the optimization of the export commodity structure. However, the effect of financial size, financial structure and financial efficiency on the structure of export commodities is evidently different. At last, this paper points out the implication of these findings.