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

Ziyang Li ()
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Ziyang Li: Anhui University

A chapter in Proceedings of the 2024 International Conference on Digital Economy and Marxist Economics (ICDEME 2024), 2024, pp 152-163 from Springer

Abstract: 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.

Keywords: Tax reduction; fee reduction; technological innovation; DID (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-636-9_15

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DOI: 10.2991/978-94-6463-636-9_15

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