Influencing Factors and Scale Effects of Foreign Trade Enterprises'Capital Distribution:A Case Study from China-Russia Border Regions
This paper takes the China-Russia border regions in northeast China as study area,depicts the temporal and spatial evolution characteristics of foreign trade enterprises'capital scale from the micro perspective based on county-level scale,and explores on the mechanism and scale effect of different influencing factors on the foreign trade enterprises using the spatial econometric model and the MGWR model.The results show that:1)From 2011 to 2021,the capital scale of foreign trade enterprises in China-Russia border regions showed a trend of rapid growth at first and then slow decline.Among them,wholesale and retail enterprises and manufacturing enterprises have always had the highest capital scale,but their growth rates have been declining since 2015 due to the market environment in the Russian Far East.2)The capital scale of foreign trade enterprises showed the evolution pattern of overall agglomeration and local diffusion in 2011-2021,and revealed the multi-core structure.The path dependence characteristics of wholesale and retail enterprises were remarkable,showing a polarized distribution pattern along the border.Manufacturing enterprises continue to expand to inland areas,forming a"border-hinterland"industrial synergy.3)From the perspective of"global-local",border regions are highly sensitive to the international situation,domestic policy and regional development.The influencing factors have obvious scale effect on the capital distribution of foreign trade enterprises,among which the micro-variables directly related to the vitality of foreign trade enterprises have smaller scale,and the macro-variables related to the economic environment have larger scale.4)The capital distribution of different enterprises has unique location,policy and environmental preferences.Wholesale and retail enterprises have strong market sensitivity and capital activity,so the capital layout is rooted in regional openness,market potential and financing ability.The capital distribution of manufacturing enterprises is driven by industrial agglomeration and institutional forces,and is significantly influenced by industrial base,secondary industry and traffic conditions.
foreign trade enterprisescapital distributionscale effectMGWR modelChina-Russia border regions