Impact of the Electronic Payment Environment of the Importing Country on China's Export Trade: Based on Panel Data of the Five ASEAN Countries

摘要

The Internet economy has brought prosperity to cross-border e-commerce, and the cross-border electronic payment industry has also developed along the way, improving the efficiency of cross-border trade. This paper uses the panel data of five ASEAN countries from 1999 to 2017 to empirically test the promotion effect of a country's electronic payment environment on China's export trade. The research results show that the cash payment degree, per capita income and electronic payment environment of the importing countries have a significant impact on China's export trade. What's more, in China's export commodity trade structure to ASEAN countries, bulk commodity transactions relying on traditional payment methods still occupy a dominant position. Therefore, the impact of electronic payment levels on export trade volume is weaker than traditional payment methods. In addition, the higher the degree of economic development, the better the electronic payment environment and the smaller the promotion of China's export trade. Finally, this paper gives relevant suggestions for China's e-commerce enterprises to enter the Southeast Asian e-commerce market.