Study on the Influencing Factors and Trade Potential of China s Wooden Furniture Exports in Post-Crisis Era:An Empirical Analysis Based on Heterogeneous Stochastic Frontier Export Model

⑴ Background–After the financial crisis,China s wooden furniture export trade faces new challenges and opportunities.Therefore,it is of great significance for the realization of sustainable development of China s wood furniture to explore the influencing factors in the post-crisis era and to understand the changes of China s wood furniture export market pattern.⑵ Methods–Based on the panel data of China s wooden furniture exports to 105 trading partner countries(regions)from 2009 to 2016,the heterogeneous stochastic frontier export model is constructed to empirically analyze the influencing factors and trade potential of China s wood furniture export trade,and calculate trade efficiency and trade growth space.⑶ Results–①The research results of the export frontier show that the total population of trading partner countries (regions) is the promoting factor of China s wood furniture export trade,while distance is the hindering factor.②The analysis of trade inefficiency shows that free trade agreement,sea transportation,port infrastructure and internet penetration have promoted China s wooden furniture export trade.Trade barriers,fluctuation of exchange rate,level of financial services,burden of customs procedures,trade freedom,monetary freedom and internet security hinder China s wooden furniture export trade.③The analysis of trade potential shows that according to the calculation results of trade efficiency and trade growth space,China s wooden furniture export market can be divided into four types:high growth space and low trade efficiency market,high growth space and high trade efficiency market,low growth space and low trade efficiency market and low growth space and high trade efficiency market.Then,the targeted market strategies can bead opted.⑷ Conclusions and Discussions–On the one hand,countries with high level of financial services face greater financial risks and are more vulnerable to financial crises in global trade.On the other hand,countries with high degree of trade freedom and mon