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对外开放包括贸易开放和金融开放两个维度,但是学者们一般将两者分开进行研究,对两者之间关系的研究则主要集中于贸易开放与金融开放的政策次序问题上。所以本文首先对贸易开放与金融开放之间的联系渠道做了简单的理论分析,然后利用43个国家1982—2003年的数据建立了包含贸易开放度和金融开放度两个变量的PVAR模型对两者之间的动态联系进行实证检验,检验的结果证实贸易开放对金融开放具有显著的正向影响,而金融开放对贸易开放没有显著的影响。但是,对于金融一体化程度不同的国家而言,这些结论并不一致。
The opening to the outside world includes the two dimensions of opening to the outside world and opening to the outside world. However, academics generally study the relationship between the two separately. The study of the relationship between the two focuses mainly on the policy order of opening up trade and opening up finance. Therefore, this paper first makes a simple theoretical analysis of the contact channel between trade liberalization and financial liberalization, and then uses the data of 43 countries from 1982 to 2003 to establish a PVAR model that contains two variables of trade openness and financial openness. The results of the test show that the opening up of trade has a significant positive impact on the financial liberalization while the financial opening up has no significant impact on the opening up of trade. However, these conclusions are not consistent for countries with different degrees of financial integration.