厦门大学邹至庄经济研究院宏观经济研究中心

“宏观与发展经济学前沿讲座”

（第5期）

报告题目

Market Interdependence: Evidence from Firms’ Responses to Tax Increases

主讲嘉宾

刘勇政博士，中国人民大学财政金融学院教授

报告摘要

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.

报告时间

2023年4月3日（周一），16:40-18:10

地 点

厦门大学经济楼N302