出口退税对出口的影响：中国的理论和实证分析外文原文.pdfVIP

China Economic Review 17 (2006) 226– 235 The effect of export tax rebates on export performance: Theory and evidence from China Chien-Hsun CHEN a, Chao-Cheng MAI b,*, Hui-Chuan YU c a Chung-Hua Institution for Economic Research, 75 Chang-Hsing St., Taipei 10671, Taiwan b Graduate Institute of Industrial Economics, Tamkang University and Research Center for Humanities and Social Sciences, Academia Sinica, 128 Sec. 2, Academia Rd., Nankang, Taipei 11529, Taiwan c Graduate Institute of Industrial Economics, Tamkang University, Tamsui 25137, Taiwan Received 15 October 2004; accepted 1 June 2005 Abstract This paper develops a Cournot quantity competition model to examine the effect of export tax rebate policy on export performance. The main conclusions drawn are as follows: (i) when a government raises the export rebate rate, the output of final goods for export by the domestic firm increases, while the output of the foreign competitor decreases; (ii) when a government raises the export rebate rate, the profit of the domestic firm increases, while that of the foreign competitor decreases; and (iii) the optimum export rebate rate is positive and greater than 1, indicating that the domestic government not only refunds fully the custom duties paid by the domestic firm on imported intermediate goods, but also offers export subsidies for its export of final goods. To corroborate the conclusions drawn based on the theoretical model, empirical analysis was carried out using the statistical data of China from 1985 to 2002. The test results of Spearman rank correlation coefficient show that China’s export tax rebate policy has significant positive correlation with its exports, final domestic consumption, and foreign exchange reserve. D 2005 Elsevier