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IAER Seminar 2019-3:李雨浓

报告题目:The Surprisingly Stagnant Export Upgrading in Northeast China: Evidence from VAT Reform

报 告 人:李雨浓

报告时间: 2019年10月25日(周五)15:30-17:30

报告地点:博学楼2楼东侧 I-206(高等经济研究院会议室)

主辦單位:高等經濟研究院

【報告人簡介】

李雨濃,西南財經大學國際商學院副教授,2016年獲新加坡國立大學經濟學博士學位。李雨濃曾在《管理世界》、《經濟研究》、《世界經濟》等雜志上發表文章數篇。他的研究興趣包括國際金融、國際貿易和中國經濟。

【內容摘要】

China's 2004 value-added tax (VAT) pilot reform introduces a  permanent 17% tax credit for fixed investment in manufacturing industries in the  Northeast region. Previous studies find the tax credit has positive effects at  firm level, e.g., more fixed investment and higher productivity. This paper,  however, finds a negative structural effect, i.e., the VAT pilot reform leads to  a reduction in export sophistication of Northeast cities relative to other  cities in China with a difference-in-difference estimation and the result holds  for a battery of robustness checks. The reduction in export sophistication  occurs mostly in intensive margin and processing trade and it is more  significant for domestic non-SOEs. The paper also confirms a  resource-reallocation effect, i.e., capital, labor, and intermediate inputs are  directed towards relatively less sophisticated industries. Our findings imply  that a general tax credit for fixed investment may have undesirable structural  effect and it should be accompanied with more consultation and  guidance.

詳情參見高等經濟研究院網站:http://iaer.dufe.edu.cn/


撰稿:王傑 審核:齊鷹飛 單位:高等經濟研究院