辽宁大学经济学前沿高端讲座第八讲    

The "Matthew Effect" in Rebates: How Does VAT Rebates Allocation Affect Firm Export Performance    

主讲人：马弘教授（清华大学经济管理学院）  

主持人：马湘君教授（辽宁大学经济学部）  

嘉宾介绍：余淼杰教授（辽宁大学校长）  

时间：2022年11月25日（周五）  14：00-15：30（北京时间）  

地点：腾讯会议：907 4908 3431  

语言：中文  

摘要：    

Value-Added Tax (VAT) rebates have been widely adopted to promote exports. However, when firms need to queue to claim rebates, the allocation of rebates becomes essential. Using a unique panel of Chinese firms with export and rebates information, we show that delay in rebates substantially reduces firm export sales. Increasing delay ratio by 10 percentage points can cause about 13.6% reduction in export value. Delays in rebates also cause more exit and reduce the product scope. Furthermore, we find a "Matthew effect" in allocating rebates: exporters with tighter financial constraints respond more elastically to a delay in rebates, yet they are also more likely to have a higher delay ratio. Counterfactual exercises show that correcting the misallocation in rebates would increase total Chinese exports by 39%, while eliminating rebates delay would increase exports by 58%.

主讲人简介：马弘，清华大学经济管理学院长聘教授，博士生导师，清华大学中国经济研究中心副主任。主要研究领域为国际贸易和经济发展，论文发表于《经济研究》《经济学季刊》《金融研究》、Economic Journal, Review of Economics and Statistics, Journal of International Economics, Journal of Comparative Economics等国内外知名期刊上。主要讲授《国际经济学》《博弈论》《全球化与中国》以及《中国经济专题》等课程。