A Study On Export Tax Rebate Policy In China Under The Background Of Financial Crisis

Since the establishment of the export tax rebate system in China, the export tax rebate policy has been considered an effective financial policy and frequently used in the export trade,meanwhile it is paramount important to the improvement of the export production structure.In order to relieve the harmful effects of the financial crisis, China has hoisted the export tax rebate continuously since the last half of 2008.The large scale is extremely incredible. Therefore the clearance of its influence on export trade has important theoretical and realistic significance in the future export tax rebate policy. The export tax rebate was chosen as the research object, the present thesis revealed its long term and short term relation through the analysis of the export tax rebate and export trade and provided the theoretical evidence of the export tax rebate policy in the future financial crisis.First of all, this thesis retrospected to the export tax rebate theory, in which found out its theoretical evidence in the international trade. In the literature review, it revealed that the export tax rebate could effectively reduce the export costs, promote the export production quantity and improve the structure of the export production. Meanwhile the existence of export tax rebate can eliminate the international overlapping tax and facilitate the international trade competition.Secondly, with the whole review to the export tax rebate transition in China, especially the vivid description of export tax rebate policy change in the financial crisis, this thesis analyzed the influence of the adjustment of export tax rebate on the development of export trade in China through the empirical observation, with the adjustment of export tax rabate, the export trade has the corresponding fluctuations in the amount and structure.Thirdly, this thesis analysed the factors that influence the export tax rabate and chose the vaiables which were needed in the empirical model.Meanwhile, through the establishment of CIM and ECM, it analysed the influence of export tax rebate on export trade in China from the long term and the short term.The export tax rebate facilitated the rising of export trade,but the long term did not have the conspicuous effect on it, and the empirical case showed that the export tax rebate had the delayed effect on the export trade.in the caculation of current export tax rebate, the average is 10.98%, it still had conspicuous hoisting space and it provided the evidence of adjustment of export tax rebate in the future financial crisis.Finally, this thesis obtained the conclusion on the basis of the theoretical analysis,experiential observation and empirical analysis,and provided some political suggestion in combining the international and domestic current situation.at present China should make full use of the short term effect of export tax rebate policy;the hoisting of long term export trade should depend on its own technical innovation,but not the adjustment of export tax rebate;under the present stable economic situation,we should not increase the export tax rebate continuously,it is indespensable to keep the proper hoisting space for the future economic development and improve the system of export tax rebate.All in all, under the background of financial crisis, the research on the influence of export tax rebate on the export trade has great significance in the orientation of future export tax rebate policy.meanwhile the improvement of export tax rebate system played an active role in facilitating the export trade development and insure that the national economic developed healthily and steadly.