Research on the Impact of Continuous Tax and Fee Reductions on Improving Regional Economic Development Level:Based on the Difference in Difference
"Continuous tax reduction"is an important decision made by China.It is an important measure to respond to the current international situation,emergencies,and promote supply side structural reform,stabilize employment,finance,and foreign trade.This paper studies the impact of continuous tax and fee reductions on improving regional economic development,selects relevant data from 30 provinces and cities(except the Xizang)in China from 1998 to 2019 as research samples,and regards 9 provinces and cities(Shanghai,Beijing,Jiangsu,Anhui,Fujian,Guangdong,Tianjin,Zhejiang,Hubei)that implemented tax and fee reductions in 2012 as treatment groups,and other provinces and cities that did not implement tax and fee reductions as control groups.For the above 9 provinces and cities,2012 is selected as the year of policy impact.While for the other provinces and cities,2013 is selected as the year of policy impact.This paper uses the difference in difference(DID)to analyze the above data,and the empirical results show that the implementation of tax and fee reduction policies can improve the level of regional economic development,and have significant effects on improving the regional economic development of the tertiary industry.These results are still valid after being estimated by the stationary trend test,placebo test and propensity score matching(PSM).
tax and fee reductionsregional economydifference in difference(DID)
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万方数据
