Institutional Quality of Importing Countries, Intellectual Property Protection and China's Export of the High-tech Products

With the continuous progress of science and technology and the rapid development of high-tech industries in the world, the role of high-tech products in national foreign trade has been becoming important. In order to study the impact of institutional quality and intellectual property protection of importing countries on China's export of high-tech products, a trade gravity model including the protection of the countries is constructed on the basis of theoretical analysis. The export data of China's high-tech products from 2007 to 2018 are selected for regression analysis by using random effect model and System GMM. The results show that the improvement of the institutional quality of the importing country can promote the export of China's high-tech products, while the improvement of the intellectual property protection level of the importing country is not conducive to the export of China's high-tech products, and the intermediary role of the intellectual property protection of the importing country between the institutional quality and the export of high-tech products is "masking effect". At the same time, due to the different economic development levels of importing countries, the inhibitory effect of intellectual property protection on the export of high-tech products is more significant in high-income countries