Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2022.2094442
Incentive effect of structural tax reduction policy on consumption upgrading and high-tech industry
Yan Miao
Zheng Li
Zhonglin Bai
Sažetak
China is implementing a structural tax reduction policy to
upgrade the structure of household consumption and promote
the development of high-tech industry. This article constructs a
heterogeneous NK-DSGE (New Keynesian - Dynamic Stochastic
General Equilibrium) model to study the effects of tax reduction
policies on consumption upgrading and the development of
high-tech industry. The tax categories involved in this model are
divided into demand-side tax and supply-side tax. We build two
indexes to measure the consumption structure and the development
of high-tech industry. It is found that reducing high-tech
enterprise income tax would upgrade the consumption structure
and promote the development of high-tech industries in the short
term. Reducing low-tech enterprise income tax would achieve
similar effects in the medium and long term. Moreover, tax such
as consumption tax, labour income tax and capital income tax
reduction policies can upgrade the consumption structure and
promote the development of high-tech industry in the long term.
Finally, this article finds that when the elasticity of labour substitution
is smaller, reducing high-tech enterprise income tax is
more effective.
Ključne riječi
Structural tax reduction; upgrading of household consumption; high-tech industry; NK-DSGE model; heterogeneous
Hrčak ID:
304212
URI
Datum izdavanja:
31.3.2023.
Posjeta: 389 *