DAI Jiaqi    School of Economics

ABSTRACT

In recent years, China's economic development has made remarkable achievements, but the problems of environmental pollution and resource waste have not been fundamentally solved. As the pillar industry of China's national economy, the technological progress of the manufacturing industry is not only related to the technological self-reliance and self-reliance of the whole national economy, but also can drive the improvement of the environment and achieve a win-win situation of manufacturing development and ecological protection. Made in China 2025 also proposes to build a green manufacturing system and put innovation at the core of the overall development of manufacturing industry. Therefore, it is urgent to accelerate the improvement of the high-quality development level of the manufacturing industry and accelerate the green transformation and upgrading of the industry. In order to improve the green innovation ability of manufacturing enterprises, China has gradually accelerated the construction of the green tax system, aiming to provide assistance for stimulating the driving force of manufacturing innovation from the perspective of tax system design. In this context, it is particularly urgent to clarify whether the green tax policy can play a role in promoting green technology and technological innovation of manufacturing enterprises and to explore the appropriate green tax range.

The main part of this paper starts from the two theories of compliance cost theory and innovation compensation theory, makes a qualitative analysis of the relationship between green tax and enterprise green technology innovation, and puts forward research hypotheses according to the analysis results. Secondly, it combs the composition and development status of China's green tax system, and the policy intensity of green tax in the manufacturing industry. Then, based on this, an empirical analysis is carried out. Taking the data of manufacturing listed companies from 2012 to 2020 as samples, a fixed effect model is constructed to study the incentive effect of green tax from the perspective of green innovation output. Then, the robustness of the regression results is tested. Then this paper makes a further analysis: First, it examines whether there is significant property heterogeneity in the induction of green tax on enterprise green technology innovation; Secondly, it tests the intermediary effect of the compensation effect mechanism of innovation. Finally, according to the current situation of the development of green tax system in China and the results of empirical analysis, the paper puts forward feasible policy suggestions for the problems discovered in the research process.

The research results of this paper show that green tax can play an incentive effect on the improvement of the level of green innovation R & D output of enterprises at a lower cost, and also has a significant impact on the substantive innovation output represented by the invention type green patent. This shows that green tax policy can improve the quality of innovation while increasing the number of R & D output of manufacturing enterprises. In addition, this promotion effect presents a "U" shaped relationship, and most of the enterprise samples do fall in the second half of the "U" shaped curve, which is significantly stimulated by the green tax. In the related heterogeneity analysis, this paper finds that the effect of green tax incentive innovation is more significant in state-owned enterprises. On the basis of compliance cost theory and innovation compensation theory, the government support enjoyed by enterprises, such as environmental protection subsidy and tax refund, is an important path to promote the policy effect. Based on the above conclusions, this paper puts forward the following policy recommendations. First, improve the construction of green tax system; Second, set a reasonable green tax range; Third, carbon tax should be levied in due time; Fourth, constantly promote the quality construction of local governments; Fifth, stimulate green purchase demand.

Read the article here:    绿色税收对企业绿色技术创新的影响研究以制造业为例.pdf