Author(s)

Hao Xu ¹, Jingfeng Zhao ¹

Affiliation(s)

¹ School of Economics and Management, Northwest University, Xi'an, Shaanxi, 710127, China

Corresponding Author

Jingfeng Zhao

ABSTRACT

This article constructs panel data of 30 provinces and cities in China from 2001 to 2021, explores the relationship between industrial clusters and high-quality development of foreign trade based on the heterogeneous industrial dynamic model, and elaborates on it from three aspects: enterprise cost, transaction efficiency, and knowledge spillover. The theoretical mechanism for industrial clusters to promote high-quality development of foreign trade. Research shows that: (1) Industrial clusters have a significant positive impact on the quality of foreign trade development. The higher the degree of industrial clusters, the more conducive it is to the high-quality development of China's foreign trade. (2) The impact of industrial clusters on the quality of foreign trade development in the eastern region is greater than that in the central and western regions. (3) Industrial clusters promote the high-quality development of trade mainly through three channels: transaction cost mechanism, transaction efficiency mechanism and knowledge spillover mechanism. (4) As new trade protectionism continues to rise, the impact of industrial clusters on the quality of foreign trade development has been weakened, and the impact of technological innovation on the transformation and upgrading of foreign trade has increased significantly.

KEYWORDS

Industrial Clusters, Foreign Trade, High-Quality Development

CITE THIS PAPER

Hao Xu, Jingfeng Zhao, Research on the Impact of Industrial Clusters on the High-Quality Development of Foreign Trade. Information Systems and Economics (2024) Vol. 5: 182-192. DOI: http://dx.doi.org/10.23977/infse.2024.050423.

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