减税对国家投资吸引力的影响——来自157个国家面板数据的证据

发布时间：2018-06-03 09:15

本文选题：减税 + 国家投资吸引力　；参考：《四川师范大学学报(社会科学版)》2017年06期

【摘要】：在全球经济竞争日益激烈的背景下,各国政府纷纷出台减税政策以提高投资吸引力,促进投资与经济增长。通过选用外商直接投资和总投资作为衡量一国投资吸引力的指标,并基于1980-2016年157个国家的税收和经济数据构建面板数据模型,从更为宏观的全球税收政策变化视野分析减税对一国投资吸引力的影响,结果发现,减税对一国投资吸引力的影响因投资形式和税种的不同而不同,一方面,减税会显著影响一国的外商直接投资水平,但对国内总投资并不会形成显著影响;另一方面,从税种比较结果来看,货劳税税率对外商直接投资的负向影响显著,企业所得税税率对外商直接投资具有负向影响,只是统计结果未通过显著性检验。这表明,减税政策有助于保持一国对外商直接投资的吸引力,但若要提高国家的总投资水平,则需要考虑包括税收在内的更多因素,如GDP增长率与投资环境等。
[Abstract]:In the context of the increasingly fierce global economic competition, governments have introduced tax cuts to increase investment attractiveness and promote investment and economic growth. By selecting FDI and total investment as indicators to measure the attractiveness of a country's investment, a panel data model is constructed based on tax and economic data of 157 countries from 1980 to 2016. The impact of tax reduction on a country's investment attractiveness is analyzed from the perspective of the changes in global tax policy. The results show that the impact of tax reduction on a country's investment attractiveness varies with different investment forms and taxes. On the one hand, Tax reduction will significantly affect the level of foreign direct investment in a country, but it will not have a significant impact on the total domestic investment. On the other hand, from the comparison of tax types, the negative impact of the tax rate on foreign direct investment is significant. The rate of enterprise income tax has a negative effect on FDI, but the statistical results have not passed the significance test. This suggests that tax cuts help maintain a country's attractiveness for foreign direct investment, but more factors, including tax revenue, such as GDP growth and investment climate, need to be taken into account in order to improve the country's overall investment level.
【作者单位】：西南财经大学财政税务学院;
【分类号】：F113;F811.4

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