Impact of Tax and Fee Reduction on Enterprise Technological Innovation in Yangtze River Delta: An Empirical Study Based on DID Model

DOI

10.2991/978-94-6463-636-9_15How to use a DOI?

Keywords

Tax reduction; fee reduction; technological innovation; DID

Abstract

This study examines the policy effects of tax reduction and fee reduction measures on technological innovation of enterprises in Anhui Province, Shanghai, Jiangsu Province, and Zhejiang Province. The analysis utilizes data from a total of 594 listed companies in the Shanghai and Shenzhen stock markets, spanning the period from 2012 to 2021. Employing the rigorous Difference-in-Differences (DID) method, the study focuses on the policy implications of these measures since 2016. The findings reveal significant but divergent impacts of the tax reduction and fee reduction policies on the technological innovation of enterprises across the aforementioned provinces. Notably, there are substantial inter-provincial disparities in the effects observed. Specifically, the policies exhibit an overall stimulating effect on innovation within Shanghai and Zhejiang Province, while they manifest an overall inhibitory effect on innovation within Anhui Province and Jiangsu Province. Furthermore, the study uncovers a lagging pattern in the policy effects, as they are not immediately discernible in the year of implementation but gradually intensify in subsequent years.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Ziyang Li
PY  - 2024
DA  - 2024/12/31
TI  - Impact of Tax and Fee Reduction on Enterprise Technological Innovation in Yangtze River Delta: An Empirical Study Based on DID Model
BT  - Proceedings of the 2024 International Conference on Digital Economy and Marxist Economics (ICDEME 2024)
PB  - Atlantis Press
SP  - 152
EP  - 163
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-636-9_15
DO  - 10.2991/978-94-6463-636-9_15
ID  - Li2024
ER  -