Finance and Taxation Policy Motivation, High-tech Industry Development and Industrial Structure Adjustment
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| Title | Finance and Taxation Policy Motivation, High-tech Industry Development and Industrial Structure Adjustment
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| Author | Zhang Tongbin and Gao Tiemei |
| Organization | Dongbei University of Finance and Economics |
| Email | ztbstudent386@yahoo.com.cn，gaotiemei@163.com |
| Key Words | Finance Motivation Policy; Tax Preference Policy; High-tech Industry; Industrial Structure; CGE Model |
| Abstract | This article constructed a CGE model of Chinese high-tech industry and analyzed the impacts of the finance and taxation policy on high-tech industry development and the industrial structure adjustment based on this model. The results show that the finance policy can promote the increase of the added value of high-tech industry more effectively compared with the taxation policy, but the taxation policy may play a more important role in the internal structure adjustment of the high-tech industry and elevate its low added value ratio. Under the finance policy, high-tech industry promotes the output growth of its related industries. However, under the taxation policy, the high-tech industry can hardly promote the development of other industries except agriculture and consumer goods industry. When making finance and taxation policy, the government should lay stress on the independent development and innovation ability with consideration of short-term adaptability and long-term strategy to promote the scientific development of high-tech industry and rationalization of industrial structure adjustment. |
| Serial Number | WP244 |
| Time | 2012-06-12 |
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