Institutional Openness and Cross-border E-commerce Exports:A Study Based on the E-commerce Cooperation Memorandum of the Silk Road
Deepening the cooperation of the Silk Road e-commerce is an important lever for China to promote institutional openness,and it is of great significance for expanding new space for foreign trade.Based on the waybill data of a leading cross-border e-commerce logistics company in China from September 2016 to December 2019,this paper takes the signing of the Silk Road e-commerce coopera-tion memorandum as a natural experiment to quantitatively evaluate the impact of institutional openness on cross-border e-commerce exports The empirical results show that:(1)During the sample period,the signing of the Silk Road e-commerce memorandum increased China's cross-border e-commerce exports by about 9.5％on average.(2)Signing of the Silk Road e-commerce cooperation memorandum with countries with similar e-commerce laws and regulations has a stronger promoting effect on China's cross-border e-commerce exports.Moreover,compared with trade promotion clauses,the improvement in similarity of security protection clauses has a greater promotion effect on cross-border e-commerce ex-ports.(3)Signing of the Silk Road e-commerce cooperation memorandum with countries with a higher level of e-commerce infrastructure will have a stronger promoting effect on China's cross-border e-com-merce exports.(4)The export promotion effect caused by the Signing of the Silk Road e-commerce co-operation memorandum is more evident in high-tech intensive industries,capital intensive industries,skilled labor-intensive industries,and R&D intensive industries.
institutional openinge-commerce cooperation memorandum of the Silk Roadcross-border e-commerce export
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