汇率与出口退税的政策协调及其资源再配置效应

发布时间：2018-05-19 03:38

本文选题：人民币汇率 + 出口退税　；参考：《财贸经济》2017年08期

【摘要】：本文构建了一个包含汇率、出口退税和出口反应的企业异质性贸易模型,利用2000-2007年中国海关进出口数据库和中国工业企业数据库,考察汇率冲击对企业内扩展边际和企业间扩展边际调整的影响,并刻画出口退税对这两种影响的优化和抵消作用。本文的主要发现是,汇率对企业内产品组合调整(倾斜效应)和企业间进入退出行为(选择效应)都具有促进作用,出口退税会减弱汇率的倾斜效应弹性、加强汇率的选择效应弹性。同时,对不同贸易形式和不同企业所有权属性的研究都证实了汇率、出口退税对出口反应影响的稳健性。进一步地,利用OP动态分解的生产率变化值,我们得到汇率与出口退税政策协调下的资源再配置情况。结果显示了出口退税下汇率对企业内和企业间扩展边际的不同影响,并会带来不同的非技术性生产率进步。这一发现不仅更深层次地理解了汇率冲击对出口企业的资源再配置情况,同时对人民币汇率制度和出口退税政策之间的协调关系进行了详细剖析。
[Abstract]:In this paper, a heterogeneous trade model with exchange rate, export tax rebate and export response is constructed, which uses China Customs Import and Export Database and China Industrial Enterprise Database from 2000 to 2007. This paper examines the impact of exchange rate shock on intra-firm and inter-firm expansion marginal adjustment, and describes the optimization and counteracting effects of export tax rebate on these two effects. The main findings of this paper are that the exchange rate can promote both product portfolio adjustment (tilting effect) and inter-firm entry and exit behavior (selective effect), and export tax rebate will weaken the elasticity of the skew effect of exchange rate. Strengthen the flexibility of exchange rate selection effect. At the same time, the research on different trade forms and ownership attributes of different enterprises has confirmed the robustness of exchange rate and export tax rebate on export response. Furthermore, using the productivity change value of op dynamic decomposition, we obtain the reallocation of resources under the coordination of exchange rate and export tax rebate policy. The results show that the exchange rate under export tax rebate has different effects on the margin of expansion within and among enterprises and will bring about different progress of non-technical productivity. This discovery not only makes a deeper understanding of the resource reallocation of export enterprises caused by exchange rate shocks, but also analyzes in detail the coordination between RMB exchange rate regime and export tax rebate policy.
【作者单位】：中南财经政法大学工商管理学院;
【基金】：国家自然科学基金面上项目“国际贸易与资源误置的互动机制和效应:中国的理论与经验研究”(71473272) 中南财经政法大学中长期研究项目“经济新常态与中国国际竞争新优势研究”(31501710801);中南财经政法大学博士研究生重点科研创新项目“汇率冲击的资源再配置效应研究”(2015BZ1002)
【分类号】：F752.5;F832.6

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