Document Type : Research Article


1 Senior lecturer, “Fundamental economics” department, “Economics” faculty of Tashkent State University of Economics (Phd student of School of Economics, Beijing Technology and Business University, China )

2 Assistant teacher, “Fundamental economics” department, “Economics” faculty of Tashkent State University of Economics


This paper aims to analyze effect of the financial development level on bilateral trade
flows of China and its trading partners, by the results are escorted with a panel data of 60
countries (china`s trading partners) under the period 2003-2017. The impact of financial
development level on import and export flows of machine electronics, textile and machine
transport products is estimated by employing random effects model, fixed effects model and
Hausman-Taylor estimation methods. The results exhibit that China`s financial development has a
negative effect on import flows, while it has positive and significant impact on exports of China.
Additionally, it was found that financial development level of China`s trading partners is
negatively correlated with textile exports of China. These results reveal that financial development
level correlates differently with import and export flows.


Main Subjects

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