A Study of the Impact of Studying Abroad

A Study of the Impact of Studying Abroad in China on China-ASEAN Bilateral Trade 1 Li , Abstract 2, * Si Lingzhi Yan 1 School of Economics and Management, Nanjing University of Science and Technology, Nanjing 210094, China 2 School of Economics and Management, Nanjing University of Science and Technology, Nanjing 210094, China *sy 18262611032@sina. com The theory proves that education can facilitate the acquisition of transaction information and promote the fulfillment of transaction contracts, thereby increasing trade volume and optimizing trade structure. This article uses 2005 -2016 China-ASEAN bilateral trade data to empirically analyze the impact of the scale, academic level, and country structure of ASEAN study abroad education in China on the size and structure of bilateral trade. The results prove that, whether it is to subdivide the categories of international students or to subdivide ASEAN countries according to the industrial process, studying in China will have a positive effect on bilateral trade. In addition, studying in China has a heterogeneous impact on the structure of China-ASEAN trade products. Text More and more facts show that there is a close relationship between education and education in China, and the reduction of international trade barriers can promote the growth of trade scale and the improvement of quality. For this decade, China-ASEAN Free Trade Area has been continuously constructed with great potential and bilateral trade has expanded. Cultural exchanges between educational services will provide human capital support for the continuous deepening of the regional economy. Therefore, education abroad will become an important factor in promoting bilateral trade between China and ASEAN. In this article, we will use China-ASEAN bilateral trade as the explanatory variable, and take ASEAN education in China as the core explanatory variable. We will add the control variables that affect bilateral trade: GDP and FDI, geographical distance, natural resources, and whether join the free trade zone, etc. , to establish a new variable model. An empirical study of the impact of the overall scale of overseas education in China on bilateral trade; further analysis by sub-samples to analyze the different impacts of the type of study abroad and country structure on bilateral trade. Finally, it analyzes the different effects of the structure of bilateral trade products on the study abroad education in China. In TABLE III, model (1) first regressions the control variables can affect China-ASEAN bilateral trade. The results show that the control variable selection is valid. The result of model (2) shows that the study abroad education in China has passed the 1% significance test with a positive coefficient, indicating that the study abroad education in China can promote bilateral trade between China and ASEAN. In the model (3), the core explanatory variables and control variables of this article are put together to better explain the reasons for the growth of bilateral trade. The regression results show that among the observed influencing factors, the education in China for China-ASEAN The impact of bilateral trade is very significant, with a regression coefficient of 0. 878. CONCLUSION This article explores the impact of education in China on the scale of China-ASEAN bilateral trade and product structure, and conducts a series of empirical analysis. (1) Education in China has a positive impact on China-ASEAN bilateral trade, which is in line with expectations. (2) Whether in the form of educated or non-educated students, studying in ASEAN can have a significant and positive impact on bilateral trade. Among them, educated students studying in China can promote bilateral trade slightly more than non-educated students. (3) The trade between China and the countries in the middle and early stages of industrialization in ASEAN is promoted by education in China, while the trade between China and Singapore and Brunei, which are undergoing rapid industrialization, is not affected by education in China. (4) The impact of education in China on trade in different products is heterogeneous.