Home Market Size and the Manufacturing Export Complexity:Based on the Perspective of Domestic and International Market Synergy
Under the new development pattern of"dual circulation",it is particularly important to leverage China's super large market advantage to enhance the complexity of export products.A theoretical model was constructed in the study to examine the impact of home market size on export complexity,and empirical tests were conducted using export data of 205 manufacturing products from 147 countries(regions).The research results indicate that home market size has a significant promoting effect on manufacturing export complexity,and this effect is more prominent in countries with high-level digital infrastructure,countries without large neighbors,and developing countries.Channel tests show that home market size can affect manufacturing export complexity by improving the level of technological innovation.In addition,based on the perspective of domestic and international market synergy,it is found that the import dependence of developing countries has a synergistic effect with the size of the home market,which can promote the increase of export complexity,while its export dependence has a negative effect.However,the opposite is true in developed countries.
home market sizeexport complexitytechnology innovation"dual circulation"new development pattern
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