The Impact of Tax and Fee Reductions on the Productivity of Producer Service Industry——Empirical Analysis Based on A-share Listed Companies
In order to study the impact of tax and fee reductions on the productivity of producer service enterprises,this paper uses the sample data of 465 companies listed on A-share market in producer service industry from 2012 to 2021,and uses the systematic GMM model to analyze it.The results show that tax and fee reductions have significantly improved the productivity of producer service enterprises;tax and fee reductions have heterogeneous effects on the development of different types of producer service enterprises,among which tax and fee reductions have a more significant effect on improving the productivity of knowledge-intensive producer service enterprises than that of non-knowledge-intensive producer service enterprises.Continued implementation of large-scale and vigorous tax and fee reduction policies can ease the burden on producer service enterprises and promote the productivity of producer service industry.
Tax and Fee ReductionsProducer Service EnterprisesProductivityFinancing Constraint
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