PANEL COINTEGRATION TEST AND CAUSALITY ANLYSIS OF THE RELATIONSHIP BETWEEN FINANCIAL DEVELOPMENT AND FOREIGN TRADE IN CHINA
利用中国省级面板数据，通过协整和因果检验分析金融发展与进出口的关系，发现两者存在稳定联系，对金融改革和外贸调整有参考价值。
This paper uses panel cointegration theory and panel causality test approach to analysis relationship between the financial development and foreign trade based on cross province's panel data in China.The results shows that there is stable relationship between financial development and export or import.It implies that the importance of the integration of finance and trade policy in the critical time of further reforming finance policy system and adjusting the growth ways of foreign trade.