Estimating the Repercussions from China’s Export VAT Rebate Policy
| Autor: | Gourdon, Julien, Hering, Laura, Monjon, Stéphanie, Poncet, Sandra |
|---|---|
| Přispěvatelé: | Centre d'Études et de Recherches sur le Développement International (CERDI), Institut de Recherche pour le Développement (IRD)-Centre National de la Recherche Scientifique (CNRS)-Université Clermont Auvergne (UCA), Université de Clermont-Ferrand, Erasmus University Rotterdam, Université Paris Dauphine-PSL, Université Paris sciences et lettres (PSL), Paris School of Economics (PSE), Université Paris 1 Panthéon-Sorbonne (UP1)-École normale supérieure - Paris (ENS-PSL), Université Paris sciences et lettres (PSL)-Université Paris sciences et lettres (PSL)-École des hautes études en sciences sociales (EHESS)-École des Ponts ParisTech (ENPC)-Centre National de la Recherche Scientifique (CNRS)-Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement (INRAE), Paris Jourdan Sciences Economiques (PJSE), Centre National de la Recherche Scientifique (CNRS)-Université Clermont Auvergne (UCA) |
| Jazyk: | angličtina |
| Rok vydání: | 2022 |
| Předmět: |
China
VAT system [SHS.STAT]Humanities and Social Sciences/Methods and statistics Export tax JEL: F - International Economics/F.F1 - Trade/F.F1.F14 - Empirical Studies of Trade [SHS.ECO]Humanities and Social Sciences/Economics and Finance JEL: O - Economic Development Innovation Technological Change and Growth/O.O2 - Development Planning and Policy/O.O2.O25 - Industrial Policy JEL: H - Public Economics/H.H2 - Taxation Subsidies and Revenue/H.H2.H20 - General Policy evaluation Trade elasticity [SHS.ENVIR]Humanities and Social Sciences/Environmental studies Export performance ComputingMilieux_MISCELLANEOUS JEL: F - International Economics/F.F1 - Trade/F.F1.F10 - General |
| Zdroj: | Scandinavian Journal of Economics Scandinavian Journal of Economics, 2022, 124 (1), pp.243-277. ⟨10.1111/sjoe.12453⟩ Scandinavian Journal of Economics, Wiley, 2021, ⟨10.1111/sjoe.12453⟩ |
| ISSN: | 0347-0520 1467-9442 |
| DOI: | 10.1111/sjoe.12453⟩ |
| Popis: | International audience; Our study shows that China's export value-added tax (VAT) rebate system is a major industrial policy that affects its exports. We use export data at the HS6 product level for a panel of 329 Chinese cities over the 2003-2012 period to assess how changes in the export VAT tax have affected China's export performance. We consider different trade margins in terms of volumes, prices, and the number of countries served. To counter endogeneity, we exploit variations in the expected impact of the export VAT rebates by trade regime, which come from an eligibility rule disqualifying certain export flows from the rebates. Our results suggest that a 1 percent decline in the export VAT tax leads to a 7.2 percent relative increase in eligible export values at the city level. This effect is due to an adjustment of quantities and the number of foreign markets served while the average unit values of exports remain unchanged. |
| Databáze: | OpenAIRE |
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