CAJ | 학술논문

在我国当前市场经济不完善的条件下,厂商不需因房价急速上涨而以名义工资形式给予劳工过多的弥补,以及房地产市场的垄断性和政府人为地以商品房用地的收益来弥补工业用地的损失,使房价对出口贸易产生了一种正向促进作用。运用中国35个大中城市2002~2012年的面板数据进行实证分析,静态面板模型、工具变量法和两步系统GMM的估计结果都显示：由于我国当前市场经济不完善,房价越高的东南沿海城市,其出口贸易越发达。这对资源配置市场化改革、外贸失衡治理具有重要的政策启示意义。
재아국당전시장경제불완선적조건하,엄상불수인방개급속상창이이명의공자형식급여노공과다적미보,이급방지산시장적롱단성화정부인위지이상품방용지적수익래미보공업용지적손실,사방개대출구무역산생료일충정향촉진작용。운용중국35개대중성시2002~2012년적면판수거진행실증분석,정태면판모형、공구변량법화량보계통GMM적고계결과도현시：유우아국당전시장경제불완선,방개월고적동남연해성시,기출구무역월발체。저대자원배치시장화개혁、외무실형치리구유중요적정책계시의의。
In the condition of China’s imperfect marketing economy and underemployment,there is a certain degree of failure mechanism of housing price to regulate the export industry’s excessive agglomeration. The misallocation of agglomeration economy and agglomeration diseconomy makes manufacturers unnecessary to give too much to make up for workers in the name of forms of wages because commercial housing prices rise rapidly.The monopoly of the real estate market and the government’s artificial use of commercial housing land incomes to make up for the loss of the industrial land lead to the failure mechanism of commercial housing price transmission to the rental price of plant buildings and the real estate industry’s occupation of the manufacture industry. The paper makes an empirical analysis based on the panel data of China’s 35 large and medium-sized cities from 2002 to 2009, makes an estimation with the method of static panel data model,instrumental variables and two step system GMM, and finds that the higher commercial housing prices are in southeast coastal areas or cities, the more aggregated their export industry and the more developed their export trade will be because of the failure mechanism of housing price to regulate the excessive agglomeration of export industry. The results have an important policy implication for the allocation of resource market reform and trade imbalance governance.