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Cross-border e-commerce, financial development, and trade in services

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  • Chen, Heping
  • Wang, Yan

Abstract

Based on China's provincial panel data from 2010 to 2023, this paper explores the impact of cross-border e-commerce on service trade, as well as the moderating role of financial development and the mediating role of human capital. The study finds that cross-border e-commerce significantly promotes the growth of service trade, becoming an important driving force for its expansion in China. Financial development plays a significant positive moderating role in the relationship between cross-border e-commerce and service trade; the higher the level of financial development, the stronger the promotional effect of cross-border e-commerce on service trade. Additionally, the development of cross-border e-commerce promotes the accumulation of human capital, and high-quality talent, in turn, drives the development of service trade.

Suggested Citation

  • Chen, Heping & Wang, Yan, 2025. "Cross-border e-commerce, financial development, and trade in services," Finance Research Letters, Elsevier, vol. 86(PF).
    • Handle: RePEc:eee:finlet:v:86:y:2025:i:pf:s1544612325020690
    DOI: 10.1016/j.frl.2025.108815
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    References listed on IDEAS

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    1. Ning, Kewen & Chen, Xue & Xiao, Ye, 2025. "Cross-border e-commerce, foreign investment and export trade resilience," Finance Research Letters, Elsevier, vol. 82(C).
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    Full references (including those not matched with items on IDEAS)

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