講座主題：Market Interdependence: Evidence from Firms’ Responses to Tax Increases

主講嘉賓：劉勇政，中國人民大學

講座時間：2023年06月08日13:30-15:30

講座地點：bevictor伟德官网沙河校區學院11号樓308

嘉賓簡介：劉勇政，中國人民大學财政金融學院教授、博士生導師，教育部青年國家級高層次人才。研究方向為政府間财政關系和稅收政策分析，在《中國社會科學》、《經濟研究》、《政治學研究》, American Economic Journal: Economic Policy, American Journal of Agricultural Economics, Journal of Urban Economics, Governance, Public Administration等國内外知名期刊發表學術論文多篇。主持國家社會科學基金重點項目、國家自然科學基金面上項目、青年項目等多項科研項目。曾獲中國留美經濟學會“最佳青年經濟學者獎”、“鄒至莊最佳論文獎”(1st Runner-up)、教育部高等學校科學研究優秀成果獎、全國優秀财政理論研究成果獎、北京市哲學社會科學優秀成果獎等。目前兼任Applied Economic Analysis(SSCI)、Economic and Political Studies期刊副主編。

内容摘要：This study examines how firms respond to export tax increases by adjusting sales across both product and destination markets. We first build a multi-product multi-destination model to show how capacity constrained firms translate negative tax shocks to a specific product-destination market into sale expansions in other product and destination markets. We then find strong evidence on this duel dimensional market interdependence effect of the Chinese exporters by exploiting a quasi-experimental setting of export tax changes and the detailed firm- and product-level trade data. Particularly, the results indicate that the increase in firms’ exposure to a negative tax shock for treated products is accompanied with significant increases in both their domestic sales and export sales for non-treated products. Further analysis shows the decline of marginal cost of production for the treated firms in the post-treatment period, which, in turn, supports production capacity constraint as the key mechanism for the detected market interdependence effects.