【财政学文献研讨会】第二十六期


2017-10-27 16:25:22 来源:中国人民大学    点击:685

论文题目:Tax Policy and Heterogeneous Investment Behavior (Zwick E, Mahon J. The American economic review, 2017)
时 间:2017年10月31日 星期二 12:00 – 13:30
地 点:明德主楼610
主 讲:陶新宇 中国人民大学2016级财政学博士生

摘要: We estimate the effect of temporary tax incentives on equipment investment using shifts in accelerated depreciation. Analyzing data for over 120,000 frms, we present three fndings. First, bonus depreciation raised investment in eligible capital relative to ineligible capital by 10.4 percent between 2001 and 2004 and 16.9 percent between 2008 and 2010. Second, small frms respond 95 percent more than big frms. Third, frms respond strongly when the policy generates immediate cash flows, but not when cash flows only come in the future. This heterogeneity materially affects investment-weighted estimates and supports models in which fnancial frictions or fxed costs amplify investment responses.
主持人:刘晓路 副教授
财政学文献研讨会是由中国人民大学财政金融学院财政系主办,由财政系在读研究生剖析财政学经典或前沿文献,并对财政领域热点问题形成理论思考和系统看法。研讨会主题主要包括:政府行为、财政体制、税收体制及宏观经济等。
联系人:刘潘 email:sfworkshop@163.com


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