The effect of tax incentives on energy intensity: Evidence from China's VAT reform

被引：42
|
作者：
Zhou, Qianling [1 ]
Li, Tao [2 ,3 ]
Gong, Liutang [4 ]
机构：
[1] Beijing Technol & Business Univ, Sch Econ, Beijing 100048, Peoples R China
[2] China Foreign Affairs Univ, Sch Int Econ, Beijing 100037, Peoples R China
[3] Guangdong Univ Foreign Studies, Res Ctr Accounting & Econ Dev Guangdong Hong Kong, Guangzhou 510420, Peoples R China
[4] Beijing Technol & Business Univ, Beijing 100048, Peoples R China
来源：
ENERGY ECONOMICS | 2022年 / 108卷
基金：
中国国家自然科学基金;
关键词：
Energy intensity; VAT reform; Difference-in-differences estimation; Tax incentive; INVESTMENT; POLICY; DETERMINANTS; PRODUCTIVITY; PERFORMANCE; ELECTRICITY; MANAGEMENT; EFFICIENCY; IMPACT; SCALE;
D O I：
10.1016/j.eneco.2022.105887
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper examines the effect of how firms' energy intensity is affected by China's value-added tax reform, which provides permanent tax incentives for firms to invest in fixed assets. Using the difference-in-differences method, a unique firm-level data set is employed to examine the impact of VAT reform on firms' energy intensity. The results show that VAT reform significantly reduces firms' coal intensity by approximately 9%. There is a greater decrease in coal intensity for large-scale firms, firms in energy-intensive industries, and private firms after the reform. By encouraging firms to invest in fixed assets and improve output, this reform achieves an energy-saving effect. Our results shed new light on the effect of tax policy and can help inform the development of energy policies.
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收藏
页数：10
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