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| Factors Decomposition of Export Trade Fluctuation of China’s High-tech Manufacturing Industry:An Empirical Analysis Based on CMS Model |
| Wang Zhengxin,Zheng Honghao,Hu Wenquan |
| School of Economics,Zhejiang University of Finance&Economics,Hangzhou 310018,China |
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Abstract The paper is based on the UN Comtrade data from 1992 to 2014,and uses the Constant Market Share Model to analyze the factors influencing China’s high-tech manufacturing export trade fluctuation.The conclusions indicate that competitive effect is the dominant factor of influencing the fluctuation of China’s high-tech manufacturing export trade,structural effect and sub-structural effect are the second and third factors respectively.The article proposes that China’s high-tech manufacturing should adjust and optimize the export structure to promote the export growth by structural effect,and increase R&D investment to continue to improve the competitive effect and focus on the development of high value-added products,which can improve the development of China’s high-tech manufacturing export trade.
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Received: 14 November 2016
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