LIU Guangqiang，etc：Incentive Effects of Tax Preference and Fiscal Subsidies in the Perspective of Industrial Development——Based on the Panel Data from Information Technology and New Energy Listing Companies

Abstract：Tax preference and fiscal subsidies are the main incentive policy tools, which are widely used in motivating industrial development. This paper analyzes the effect of these two policy tools on information technology and new energy industry, and also compares the differences of the two policy tools. The study finds that tax preference and fiscal subsidies both have significant positive influence on the development of information technology and new energy industry, but there exist significant differences: for different industries, the effects of two policy tools are obvious different; for the same industry, there is also obvious difference between the two kinds of policy tools. According to the results of this study, this paper puts forward that, in order to give full play to the effect of the two policy tools to motivate industrial development, we should pay more attention to the structural optimization, and use the policy tools as a whole. Therefore, the paper also conducts empirical analysis to analyze and to calculate the optimal proportion of the two policy tools in motivating information technology, new energy industry development.

Key words： Tax Preference    Fiscal Subsidies    Industrial Development    Incentive Effect

source:Finance & Trade Economics ,No.8,2015