A Research on the Effect of “Replacing Business Tax with Value-added Tax” on the Total Factor Productivity of Producer Service Enterprises
SHENG Mingquan1, WU Shaomin1, SHENG Anqi2
1.School of Accounting,Anhui University of Finance and Economics, Bengbu 233030,China; 2.School of Nanjing Agricultural University, Nanjing 210095,China
Abstract Based on the policy experiment of “Replacing Business Tax with Value-added Tax” in 2012, this paper uses the Difference In Difference(DID)method to investigate the effect and mechanism of “Replacing Business Tax with Value-added Tax” on the total factor productivity of producer service enterprises. The results show that compared with the life service enterprises, the total factor productivity of producer service enterprises increases significantly after “Replacing Business Tax with Value-added Tax”. When compared with private enterprises, the state-owned enterprises are relatively more affected. According to the analysis of the intermediary mechanism, the policy of “Replacing Business Tax with Value-added Tax” can improve enterprises’ total factor productivity by increasing the human capital input. The above test results provide empirical evidence for the policy effect of “Replacing Business Tax with Value-added Tax” on producer services enterprises and point out how it affects enterprises’ total factor productivity, which has important theoretical and practical significance for realizing the industrial interconnection between producer services and manufacturing.
SHENG Mingquan,WU Shaomin,SHENG Anqi. A Research on the Effect of “Replacing Business Tax with Value-added Tax” on the Total Factor Productivity of Producer Service Enterprises. Economic Survey, 2020, 37(2): 0150.
2020, Vol. 37 
