The Study Of The Impact Of Export Tax Rebate On The Export Trade Of Mechanical And Electrical Products In China

In recent years,the development situation of export trade is more and more serious,and trade protection measures have increased in all countries.So how to develop other ways to expand the scale of trade and promote the development of export trade becomes more and more important.One way is to adjust export tax rebates.The export tax rebate conforms to the basic principles of the world trade organization and the economic interests of all countries.However,it cannot be ignored that the export value of different products may be affected differently under the change of export tax rebate policy.And in the face of different trading partners,the implementation effect of export tax rebate policy may also be different.How to use export tax rebate to effectively enhance the strength of China’s export trade remains to be solved.What’s more,the electromechanical product,which is the pillar products of national economy,the change of its export not only affects the development of its own trade,but also affects the whole industrial structure and economic development of our country.Therefore,it is necessary to deeply analyze the impact of export tax rebate on China’s export trade of mechanical and electrical products under different circumstances and its differences.It is helpful for our government to promote the export trade of mechanical and electrical products and the sustainable development of our economy through reasonable export tax rebate.This paper first briefly introduces the category and classification of mechanical and electrical products,as well as the connotation of export tax rebate.And the effect mechanism of export tax rebate on export trade and the economic effect of export tax rebate are briefly analyzed.Then,according to the relevant data of export tax rebate and export trade of mechanical and electrical products in China from 2004 to 2017 and the existing literature,establish the model to estimate the overall impact of export tax rebates on China’s export of mechanical and electrical products.And two major trading partners,the United States and ASEAN,are selected to study the impact of export tax rebates on China’s mechanical and electrical products exports in different regions and their differences.What’s more,in order to understand the heterogeneity of the export value of various mechanical and electrical products affected by the change of export tax rebate policy,this paper further subdivides the electromechanical products to further discuss the impact of export tax rebate on theexport volume of different trading partners and different categories of electromechanical products and their differences.The study shows that the increase of export tax rebate rate of mechanical and electrical products can effectively promote the export trade of mechanical and electrical products in China.And export tax rebate policy has a long effect on the export trade of mechanical and electrical products in China.At the same time,although facing different trading partners,export tax rebate rate is still an important factor affecting the export trade of China’s mechanical and electrical products.China’s export of electromechanical products to various countries under the adjustment of export tax rebate affected degree and its changes are different.The effect of export tax rebate on the export value of various mechanical and electrical products is also different.Finally,according to the empirical results,this paper believes that in order to maintain the strength of export tax rebate,China’s export tax rebate policy needs to follow the pace of VAT reform.And the government should reasonably adjust the export tax rebate policy,which is conducive to improving the stability of export tax rebate.On this basis,the government not only needs to continue to implement the differentiated export tax rebate policy to optimize the export structure of mechanical and electrical products,but also needs to further subdivide the export tax rebate rate,so as to coordinate the development of export trade to all countries.