中国的税收结构-经济增长与收入分配-李绍荣

3(100871):,,,,,,,,,():3,:03JZD0011,,,,,(RebertoPerotti,1993),U,,,,;,,(),,,1000,,(2002),,,,;,,,,,,(2004),,,,,,811:,,,:1978,1994,,:1950,;1958,,;1973,6070,,,,,,,,,,,,1984,,,1994,,,,1994,,,1994,297:(),,,;,;;(),,;(),,(),,;,(),,,;,;,;,;;;,(),,;;;;91120055;(),,,;;,,;,,,,,,;,,,,,,,,,,,,,;,,,,,,,,,,,,,,,Cobb2Douglas:Y=Kki=1ixiLki=1ixieki=1ixi+(1)Y;K;L,xi,i=1,2,,ki(1),log(Y)=(ki=1ixi)log(K)+(ki=1ixi)log(L)+ki=1ixi+(2)(2),ii,i=1,2,,ki,;i,,xi,,,,,,,,021:,,xi,,,,1997,3119972002YKL,,,,x1x2x3x4x5x6,,,,,,,,,Eview410(2),:(3),,x1,,;x2,;x3,,;x4,,;x5,;x6,,(3)t1,(4),x5t(t2),tt,(4)R019845(3)R019843,(3)(4)12120055:Log(Tax)(n=186)(3)(4)(5)c011546(012358)x2115059(114029)117862(214106)113314(118909)x31912921(115832)2316153(212560)1119180(114166)x4-2115846(-118593)-2112146(-212802)-3013312(-318129)x5-1416584(-116024)-1114644(-118547)x64916884(118535)3615989(216532)3218834(213926)x1Log(K)111702(1011735)111449(9715160)111429(9710710)x2Log(K)014270(211547)015574(4129701)015301(410848)x3Log(K)611788(211525)615705(214045)610577(212127)x4Log(K)713529(116519)410158(215142)515304(410006)x5Log(K)-516514(-310008)-415264(-318783)-510312(-414021)x6Log(K)-412295(-119781)-316489(-210045)-311599(-117421)x1Log(L)-010408(-013464)x2Log(L)014407(119646)012859(210126)013676(217030)x3Log(L)-616812(-118728)-716406(-212945)-516036(-117701)x4Log(L)-310347(-016560)x5Log(L)716020(412207)611594(513552)510842(510823)x6Log(L)-113306(-015915)R2019857019856019853R2019843019845019843221:(4),t2x5,(5)(5)t2,(5)R019843(4)R019845,(4)(5),,,(4)(5)(4),,x1,1%111449%,x21%e117862%=110180,015574%012859%,,,,x31%e2316153%=112664,615705%,-716406%,,x41%e-2112146%=018089,410158%,,,x51%e-1114644%=018917,-415264%,611594%x61%e3615989%=114419,-316489%,,,;,,,,;,,,,,,(),,,,,;,,;32120055,,,,,,,,,,;,,,,,,,,,,,,,,,,,,,,,,,,,,(,2002),,,,,,,,,,,(,2004),,,,,,,,,,,,;,,,,,,(),,,,,,,,421:,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,(),2002:,5,2002:,()1,2004:,5,2000:GDP,3,1999:GDP,CloudeMontmarquette,ANoteonIncome(Labor)Inequality:IncomeTaxSystemsandHumanCapitalTheory,TheJournalofPoliticalEconomy,Vol.82,No.3(Ma2Jun.,1974).EarlR.Rolph,EquityVersusEfficiencyinFederalTaxPolicy,UniversityofCalifornia(Berkeley).RebertoPerotti,PoliticalEquilibrium,IncomeDistribution,andGrowth,TheReviewofEconomicStudies,ColumbiaUniversity,1993,60.52120055TheEffectsofTaxRevenueStructureonEconomicGrowthandIncomeDistributionLiShaorong&GengYing(SchoolofEconomics,PekingUniversity)Abstract:Thispaperempiricallyanalyzestheeffectsoftaxstructureoneconomy,itshowsthatunderChinasnoweconomicsystemandtaxstructure,iftheshareofthecategoryofturnovertaxes,thecategoryofincometaxes,thecategoryofresourcetaxesandthecategoryofpropertytaxesinthetaxstructureincreases,thegapbetweenthecapital2ownerandthelabor2ownerintheincomedistributionbythemarketwillbeenlarged.However,iftheshareofthecategoryoftaxesforspecialpurposesandthecategoryofbehaviortaxesincreases,thatgapwillbeclosed.Inthemeantime,increaseoftheshareofthecategoryofincometaxes,thecategoryofresourcetaxesandthecategoryofbehaviortaxeswillmaketheeconomicscalelarger,whileincreaseoftheshareofthecategoryofpropertytaxesandthecategoryofturnovertaxeswillmakeitsmaller.TherebyinChinasnoweconomy,itisnecessarytoreformthecategoryofincometaxesandthecategoryofpropertytaxesfromtheaspectofthetaxstructureandthetaxfunction.Onlyintherespectoftheadjustmentofthetaxstructure,theshareofthecategoryofincometaxesshouldbeincreasedandtheshareofthecategoryofpropertytaxesshouldbedecreased.KeyWords:TaxStructure;EconomicGrowth;IncomeDistributionJELClassification:H200,O000,D310(:)(:)(84)Titman,S.,1984,TheEffectofCapitalStructureonaFirmsLiquidationDecision,JournalofFinancialEconomics13,137151.WhitedToniM.,1992,Debt,LiquidityConstraints,andCorporateInvestment:EvidencefromPanelData,JournalofFinance47.DebtFinancing,theSourcesofDebt,andtheFirmsInvestmentBehavior:EvidencefromListedCompaniesinChinaTongPan&LuZhengfei(RenminUniversityofChina&PICC;GuanghuaSchoolofManagement,PekingUniversity)Abstract:Todisclosetheeconomiceffectsofthestockholder2bondholderconflictsanddebtasanelementofcorporategovernance,thispaperexaminedtheimpactofdebtfinancingandthesourcesofdebtonthefirmsinvestmentbehaviorforlistedcompaniesinChina.Theempiricalresultsshowthatthehigherdebtratio,thelessfirmsinvestmentsize,andthesensitivityoftwovariablesisaffectedbytherelativesizebetweenthenewprojectriskandtheoriginalfirmoperatingrisk.Comparingwithfirmswithhigherprojectrisk,investmentdeclinesmorequicklyasdebtratiorisesinfirmswithlowerprojectrisk.Moreover,thedifferentsourcesofdebthasthedifferentimpactoninvestmentsize.KeyWords:DebtFinancing;TheSourcesofDebt;Stockholder2bondholderConflicts;Overinvestment;UnderinvestmentJELClassification:G310;G320(:)(:)621: