論文題目：Taxational Resource Curse -- Evidence from China
論文摘要：We study tax enforcement in a two-sector economy and focus on cross-sector effect of sectoral shocks. Specifically, we investigate whether business fluctuation in mining sector can translates into volatile tax enforcement in non-mining sectors. A theoretical model suggests sectoral compositional change affect tax enforcement on all sectors in an economy with differential tax rates across sectors. Using the firm panel data from the Annual Survey of Industrial Production in China during 2000 and 2007, we instrument the value-added share of mining sector by employing customs prices of mining commodities. The 2SLS results show that the total effective tax rate of the non-mining sector rises as the value-added share of the mining sector falls, and vice versa. However, both the statutory tax rate of all firms and the macro effective tax rate of mining sector at prefecture level remain constant. The results are robust to two alternative measurements of tax enforcement – the effective VAT rate and the profit gap rate. The findings suggest cyclical sectoral tax enforcement spreads the risk from the mining sector to other sectors. In the end, we show that the uncertain effective tax rate leads to cautious effects that make firms' decisions of investment and employment less responsive to demand shocks, resulting greater cross-firm dispersion in revenue productivity and mis-allocation.
報告人簡介：陳曉光，現任職于西澳大利亞大學（UWA）商學院。澳洲國立大學稅收與轉移支付研究所（TTPI）、清華大學中國財政稅收研究所、中國人民大學財政稅收研究所兼職研究員。先后獲得電子科技大學工學學士、經濟學碩士、北京大學與倫敦政經學院（LSE）經濟學博士學位。主要研究領域為稅收、增長與發展。多篇獨立作者論文發表于Journal of Public Economics, Economic Letters,《中國社會科學》、《經濟研究》、《經濟學（季刊）》、《經濟學動態》等刊物。研究成果曾獲得中國留美經濟學會“鄒至莊最佳論文獎”、首屆“中國財政學論壇優秀論文獎”、首屆“中金經濟學/金融學優秀博士論文獎”等獎項。