Analysis on the Influencing Factors of Financial Export under the Background of Global Value Chain—— Panel data based on 28 countries
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At present, the trade pattern is changing quietly, and the international trade pattern has produced a new trade situation - Digital trade. Digital trade has greatly changed the traditional trade, not only promoted the reconstruction of global value chain and resource integration, but also brought fundamental changes to the global economy. Many industries are highly digitized and regarded as digital industries. Therefore, the development of Internet infrastructure and ICT sector in various countries is particularly important to promote digital trade. Based on the background of global digital trade, it is of great significance to take the digital export of financial industry as an example to study its influencing factors. The empirical results show that internet, economic, institutional and interest rate factors have significant positive effects on global financial exports. After grouping regression, the influence of Internet factors on financial export in developed and developing countries is different, and the promotion to financial export is greater than that in developing countries.
Digital trade; Internet; Financial export; Influencing factors