Research on the Impact of R&D Tax Incentive Policies on Enterprises' High- ​Tech Product Exports- Empirical Evidence from Provincial Panel Data

Research on the Impact of R&D Tax Incentive Policies on Enterprises' High-

Tech Product Exports

- Empirical Evidence from Provincial Panel Data

Huidan Huang¹ Songbin Wu² KaiZhang^{3、 4}

(1. School of Entrepreneurship, Guangdong University of Finance, Guangzhou Guangdong, 510521:

2. School of Economics, Shenzhen Polytechnic University, Shenzhen Guangdong, 518055:

3. WeBank Institute of FinTech, Shenzhen University, Shenzhen Guangdong, 518060;

4. Guangdong University of Finance and Economics, Guangzhou Guangdong, 510320)

Abstract:The impact of R&D tax incentive policies on exports has received limited attentionfrom scholars. This paper focuses on examining the effect of R&D tax incentive policies withChinese characteristics on enterprise exports. Using provincial panel data, this study employs apanel model for the first time to empirically test the impact of R&D tax incentives on enterprises'high-tech product exports. The findings reveal the following: First, R&D tax incentive policiescan effectively increase the export value of high-tech products, demonstrating that governmentsupport policies for R&D are also important variables that should not be overlooked in high-techproduct exports. Second, when examining different policy instruments, the broadly applicableR&D super-deduction policy significantly promotes high-tech product exports, whereas the 15%preferential tax rate policy for high-tech enterprises does not effectively enhance such exports.These findings expand the current research boundaries on the effects of R&D tax incentivepolicies and provide new policy tool options for the Chinese government to boost export volumesand product competitiveness.

Keywords:R&D Tax Incentive Policies; High-Tech Product Exports

[原文下載][Download PDF]