Effects of Fiscal and Tax Policies on Stimulating the Development of Advanced Manufacturing Industry Clusters

Jiachang Li (), Defa Cai () and Zhengyu Wang
Additional contact information
Jiachang Li: Harbin University of Commerce, School of Public Finance and Administration
Defa Cai: Harbin University of Commerce, School of Public Finance and Administration
Zhengyu Wang: Harbin University of Commerce, School of Public Finance and Administration

A chapter in Proceedings of the 3rd International Conference on Economic Development and Business Culture (ICEDBC 2023), 2024, pp 768-772 from Springer

Abstract: Abstract Industrial clusters are crucial in promoting the specialised division of labour and aggregation of innovative resources, serving as a crucial pathway for China’s endeavour to become a major manufacturing powerhouse and elevate its industries to the high end of the value chain. Advanced manufacturing industry clusters symbolise an advanced form of deepening the industrial division of labour and agglomeration development, with internationally competitive advanced manufacturing industry clusters being key indicators of a manufacturing superpower. To verify the economic siphon effects of local fiscal and tax incentives on industrial clusters, this study used a dynamic panel simultaneous equation model for analysis. The results revealed a two-way stimulating dynamic between the local fiscal and tax incentives and the development of advanced manufacturing industry clusters, along with a certain degree of time lag .

Keywords: Advanced manufacturing industry; Industrial clusters; Incentive policies; Fiscal and tax incentives; Economic effects (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-246-0_93

Ordering information: This item can be ordered from
http://www.springer.com/9789464632460

DOI: 10.2991/978-94-6463-246-0_93

Access Statistics for this chapter

More chapters in Advances in Economics, Business and Management Research from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().