000			01503nab a2200277 c 4500
999			_c141092 _d141092
003			ES-MaIEF
005			20230614145322.0
007			ta
008			190829s2019 us ||||| |||| 00| 0|eng d
040			_aES-MaIEF _bspa _cES-MaIEF
041			_aeng
100	1		_958210 _aLiu, Yongzheng
245		0	_aHow do tax incentives affect investment and productivity? _bfirm - level evidence from China _c by Yongzheng Liu and Jie Mao
260			_c2019
500			_aResumen.
504			_aBibliografía.
520			_aChina initiated a major reform for capital taxation in 2004. Completed in 2009, it introduced permanent tax incentives for firms' investment in fixed assets. We explore a unique firm-level dataset from years 2005–2012 and utilize a quasi-experimental design to test the impacts of the reform on firms' investment and productivity. We find that, on average, the reform raised investment and productivity of the treated firms relative to the control firms by 38.4 percent and 8.9 percent, respectively. We also show that the positive effects tend to be strengthened for firms with financial constraints.
650		4	_917027 _aSOCIEDADES
650		4	_943879 _aINVERSIONES EMPRESARIALES
650		4	_944933 _aIMPUESTOS
650		4	_947462 _aINCENTIVOS FISCALES
650		4	_933911 _aCHINA
700	1		_965950 _aMao, Jie
773	0		_9160976 _oOP 2135/2019/3 _tAmerican Economic Journal. Economic Policy _w(IEF)134825 _x 1945-7731 _g v. 11, n. 3, August 2019, p. 261-291
942			_cART