The Impact of Local Government Tax Competition on the Integration of Commodity Markets
Accelerating the construction of a unified national market is the basic support and internal requirements for Greater Do-mestic Circulation and a New Development Paradigm.To a certain extent,the reform of the tax sharing system eliminates the phe-nomenon of market division,but the tax competition of local governments in China has led to local protection and market division,which hinders the formation of a unified market.Taking 279 Prefecture-level city panel data in China from 2008 to 2021,This paper uses two-way fixed effect model and Space Dubin model to explore the impact of local government tax competition on the integration of the commodity market.The results demonstrate that:Local government tax competition has a significant negative impact on the in-tegration of the commodity market.After further considering the endogenous errors and stability of the model,the negative effects of local government tax competition on the integration of the commodity market are still stable.Heterogeneous analysis found that the negative effects of local government tax competition for the integration of the commodity market are more significant in non-border cities,resource cities,and cities with larger market size.The analysis of spatial effects found that local government tax competition is likely to lead to the separation of individual optimal and collective,and the impact on the integration of the commodity market has a significant negative spatial spillover effect.
Local GovernmentsTax CompetitionIntegration of Commodity Markets
万方数据
维普
