摘要
“稳中求进”是当前经济政策的总基调,地方政府如何“稳投资”是一个值得研究的重要问题。本文以税源专业化管理改革作为准自然实验,利用2004-2015年地级市面板数据研究了税收努力对于地方投资的影响,并以“税柄法”核算的税收努力指数进行验证。理论分析与经验实证表明,税收努力对地方投资的影响呈“倒U型”曲线,当税收努力指数超过一定水平后,将抑制地方投资的增长;税收努力的提高也会带来地方投资结构的变动,不同类型的政府投资、企业投资间也存在较强的异质性。本文的研究还表明,税源专业化管理改革是一次有益的尝试,不仅提高了地方政府税收努力和税收征管效率,而且还有利于实现地方投资的自我调节,促进地方投资向最优投资水平发展。
"Making progress while maintaining stability"continues to be the overarching theme of current economic policies.Therefore,how to stabilize investment is an important issue.This paper takes the reform of the specialized management of tax sources as a quasi-natural experiment,studies the impact of tax effort on local investment by using the panel data of prefecture-level cities from 2004 to 2015,and verifies it with the tax effort index calculated by the"tax handle method".Theoretical analysis and empirical evidence reveal an inverted U-shaped relationship between tax effort and local investment.Once the tax effort index surpasses a certain threshold,it can inhibit the growth of local investment.Furthermore,an increase in tax revenue can alter the structure of local investment,and there is strong heterogeneity among different types of government investment and enterprise investment.The study also suggests that the reform of specialized tax source management is a beneficial endeavor,which not only enhances the tax effort and collection efficiency of local governments but also facilitates the self-regulation of local investment and promotes the development of local investment towards the optimal level.
出处
《公共财政研究》
2024年第1期18-33,共16页
Public Finance Research Journal
基金
国家社会科学基金项目“基本公共服务均等化建设中的地方财政体制改革研究”(18ZDA096)阶段性研究成果。
关键词
税收努力
地方投资
企业投资
政府投资
税源专业化管理
Tax Effort
Local Investment
Corporate Investment
Government Investment
Specialized Management of Tax Sources
