A Study On The Impact Of Tax Competition On The Efficiency Of Industrial Innovation

At present,our country’s economy is in a transition period,and traditional labor-intensive industries have gradually lost the advantage of labor costs.The mode of economic development must also change accordingly,so as to realize a new model of innovation-driven economic development.The government’s fiscal and taxation policy is a means to promote the innovation of high-tech industries,which directly affects the innovation efficiency of high-tech industries.Therefore,in order to promote high-quality economic development and improve the efficiency of industrial innovation,this thesis takes our country’s pharmaceutical manufacturing industry as the research object to analyze the impact of tax competition on the innovation efficiency of the pharmaceutical manufacturing industry.It is of great practical significance to achieve highquality economic development.In view of this,this thesis takes 28 provinces in my country as samples,and selects the relevant data of the pharmaceutical manufacturing industry from 2007 to 2016 to form panel data.First,the innovation of the pharmaceutical manufacturing industry is divided into two stages: the knowledge innovation stage and the commercialization innovation stage,using SBM-DEA model measures the innovation efficiency of the two stages respectively;secondly,the total innovation efficiency of the pharmaceutical manufacturing industry is comprehensively measured by the two-stage innovation efficiency,and the dynamic and static measurement of the innovation efficiency of the pharmaceutical manufacturing industry is carried out;finally,the tax competition is analyzed through the benchmark regression model nonlinear effects on innovation efficiency in pharmaceutical manufacturing.The research results show that:(1)During the sample period,the knowledge innovation efficiency,commercialization efficiency and total efficiency of various provinces in China show a gradual upward trend with time,but there is still a lot of room for improvement in the innovation efficiency of the pharmaceutical manufacturing industry in various regions.(2)There is a double threshold effect on the innovation efficiency of the pharmaceutical manufacturing industry,when the tax competition intensity is less than the first threshold value,the tax competition has a negative impact on the innovation efficiency of the pharmaceutical manufacturing industry;when the tax competition is greater than the first threshold value is less than the second threshold value,the tax competition has a positive impact on the innovation efficiency of the pharmaceutical manufacturing industry;and when the tax competition intensity is greater than the second threshold value,the tax competition still has a positive impact on the innovation efficiency of the pharmaceutical manufacturing industry,but the degree of effect will be relatively reduced.(3)During the sample period,government funds and enterprise funds had a significant positive impact on the innovation efficiency of the pharmaceutical manufacturing industry.Finally,based on the results of the analysis,policy recommendations are made.(1)Adjust the direction of innovation in my country’s pharmaceutical manufacturing industry,from focusing on commercialization to knowledge innovation.(2)Optimize the incentive method of our country’s tax,and appropriately adjust local tax competition.(3)Policy formulation should be adapted to local conditions to promote coordinated regional development.