Fiche du document
13 mars 2019
- handle: 10670/1.0kmqcj
- hal: hal-02065779
info:eu-repo/semantics/OpenAccess
Mots-clés
VAT system policy evaluation export tax export performance trade elasticity product relatedness China F - International Economics/F.F1 - Trade/F.F1.F10 - General F - International Economics/F.F1 - Trade/F.F1.F14 - Empirical Studies of Trade H - Public Economics/H.H2 - Taxation, Subsidies, and Revenue/H.H2.H20 - General O - Economic Development, Innovation, Technological Change, and Growth/O.O2 - Development Planning and Policy/O.O2.O25 - Industrial PolicySujets proches
Trade Commercial trade Foreign trade Duties Fee system (Taxation) Taxation, Incidence of Tax reform Tax policy Taxes Discount (Rebate) Refunds Competence Products, Manufactured Manufactured goods Products Manufactured products Industry and state Business--Government policy Industries--Government policy Trade TradeCiter ce document
Julien Gourdon et al., « Trade policy repercussions: the role of local product space -Evidence from China », HAL-SHS : économie et finance, ID : 10670/1.0kmqcj
Métriques
Partage / Export
Résumé
Our study shows that the relatively under-studied VAT export rebate system is a major industrial policy of the Chinese authorities to support exports. We use city-specific export-quantity data at the HS6-product level over the 2003-12 period to assess how changes in the VAT export tax have affected China's export performance. We are particularly interested in how the impact of this policy varies within products across cities depending on how well connected the targeted product is to the local productive structure. Our difference-indifference estimates exploit an eligibility rule disqualifying some export flows from the rebates. Our results suggest that a one percent rise in the VAT export tax leads to a 6.6% relative decrease in eligible export quantities. We then show that the effectiveness of this export tax policy is magnified when it applies to products with denser links with the local productive structure. Hence export benefits from VAT export rebates are greater for cities that have the necessary capabilities and resources to carry out the activities supported by this rebate policy.