Research on the Heterogeneity of Quantiles between Environmental Tax and EnterpriseCompetitiveness——Panel Quantile Regression Analysis

Abstract

Abstract: This paper examines the effect of the environmental tax on enterprise competitiveness by using the panel quantile regression model based on the data of pollution-intensive firms listed in Shanghai Stock Exchange and Shenzhen Stock Exchange A-share market in 2008～2014. The results show that environmental taxes have a significantly positive impact on enterprise competitiveness, which is also discrepant in different quantile. To be specific, for firms with low competitiveness, the effect of the environmental tax on competitiveness is positive but not significantly different from zero. For firms with intermediate competitiveness, the effect of the environmental tax on competitiveness is positive and statistically significant, and the positive effect becomes more obvious as the competitiveness of enterprises increases. For firms with high competitiveness, the effect of the environmental tax on competitiveness is positive and shows a decreasing trend as the competitiveness of enterprises increases. From producers‘perspective of micro-decision making, this paper examines the behaviors of microeconomic agents in imperfectly competitive market, and discovers the quantile discrepancy in the effect of environmental taxes on firm competitiveness, offering a new perspective for environmental tax effect research.

Key words: Environmental Taxes, Enterprise Competitiveness, Panel Quantile Regression

摘要： 开征环境税将对重污染企业产生何种影响？重污染企业对环境规制政策的敏感性是否使得环境税的“优胜劣汰”作用在重污染企业上体现得更加明显？本文基于沪深两市A股重污染行业上市公司2008～2014年的数据,采用面板分位数回归方法研究了环境税的企业竞争力效应。研究显示:环境税与企业竞争力之间正相关,且存在分位数异质性,即对于竞争力处于低分位的企业,环境税对其企业竞争力效应为正,但未通过显著性检验;对于中分位的企业,环境税对其企业竞争力有显著的正向影响,且这种正向影响随企业竞争力的增加呈递增趋势;对于高分位的企业,环境税对其企业竞争力的正向作用呈递减趋势。本研究发现了环境税对企业竞争力的分位数异质性,为环境税效应研究提供了新的视角。

关键词: 环境税, 企业竞争力, 面板分位

CLC Number:

X196
F272.3

BI Qian,LI Xiaoyan, YU Lianchao. Research on the Heterogeneity of Quantiles between Environmental Tax and EnterpriseCompetitiveness——Panel Quantile Regression Analysis[J]. , 2018, 34(7): 37-47.

毕茜,李萧言,于连超. 环境税对企业竞争力的影响——基于面板分位数的研究[J]. 财经论丛, 2018, 34(7): 37-47.

References

[1] 张进财,左小德. 企业竞争力评价指标体系的构建[J]. 管理世界,2013,(10):172-173.
[2] 金碚,龚健健. 经济走势、政策调控及其对企业竞争力的影响——基于中国行业面板数据的实证分析[J]. 中国工业经济,2014,(3):5-17.
[3] 赵晓丽,赵越,王玫. 演化经济学视角下的环境管制政策与企业竞争力[J]. 管理学报,2013,(4):602-611.
[4] Herrera M. E. B. Creating Competitive Advantage by Institutionalizing Corporate Social Innovation [J]. Journal of Business Research, 2015, 68(7):1468-1474.
[5] 白羽. 民营企业竞争力提升的伦理视阈[J]. 管理世界,2013,(2):178-179.
[6] 包群,邵敏,杨大利. 环境管制抑制了污染排放吗？[J]. 经济研究,2013,(12):42-54.
[7] Hu X., Liu Y., Shi Q., et al. SO₂, Emission Reduction Decomposition of Environmental Tax Based on Different Consumption Tax Refunds[J]. Journal of Cleaner Production,2018,(186):997-1010.
[8] Holmlund B., Kolm A. S. Environmental Tax Reform in a Small Open Economy With Structural Unemployment[J]. International Tax & Public Finance, 2000, 7(3):315-333.
[9] 张传国,许姣. 国外环境税问题研究进展[J]. 审计与经济研究,2012,(3):105-112.
[10] 张功富. 政府干预、环境污染与企业环保投资——基于重污染行业上市公司的经验证据[J]. 经济与管理研究,2013,(9):105-112.
[11] 秦昌波,王金南,葛察忠,等. 征收环境税对经济和污染排放的影响[J]. 中国人口·资源与环境,2015,(1):17-23.
[12] 何建武,李善同. 节能减排的环境税收政策影响分析[J]. 数量经济技术经济研究,2009,(1):31-44.
[13] Pautrel X. Pollution and Life Expectancy: How Environmental Policy Can Promote Growth[J]. Ecological Economics, 2009, 68(4):1040-1051.
[14] Patuelli R., Nijkamp P., Pels E. Environmental Tax Reform and the Double Dividend: A Meta-Analytical Performance Assessment[J]. Ecological Economics, 2005, 55(4):564-583.
[15] Andrea M. Leiter,Arno Parolini,Hannes Winner. Environmental Regulation and Investment: Evidence from European Industry Data[J]. Ecological Economics,2010,70(4):759-770.
[16] Anger N., Bhringer C., Lschel A. Paying the Piper and Calling the Tune: A Meta-Regression Analysis of the Double-Dividend Hypothesis[J]. Ecological Economics, 2010, 69(7):1495-1502.
[17] Sabah Abdullah, Bruce Morley. Environmental Taxes and Economic Growth: Evidence from panel causality tests[J].Energy Economics,2014,42(42):27-33.
[18] 王勇,施美程,李建民. 环境规制对就业的影响——基于中国工业行业面板数据的分析[J]. 中国人口科学,2013,(1):54-64,127.
[19] 保罗·埃金斯,斯蒂芬·斯宾克,郇庆治. 环境税改革与绿色增长:欧洲视角[J]. 中国地质大学学报(社会科学版),2013,(1):15-23,138.
[20] 陆旸. 中国的绿色政策与就业:存在双重红利吗？[J]. 经济研究,2011,(7):42-54.
[21] Dmitry K., Timur N., Anton O. Environmental Taxes and the Choice of Green Technology[J]. Production & Operations Management, 2013, 22(5):1035-1055.
[22] 邢斐,何欢浪. 贸易自由化、纵向关联市场与战略性环境政策——环境税对发展绿色贸易的意义[J]. 经济研究,2011,(5):111-125.
[23] 马草原,周亚雄. 配套型环境税、技术进步与污染治理——基于新经济地理学的分析[J]. 南开经济研究,2015,(2):118-135.
[24] Jaffe A. B., Peterson S. R., Portney P. R., et al. Environmental Regulation and the Competitiveness of U.S. Manufacturing: What Does the Evidence Tell Us？[J]. Journal of Economic Literature, 1995, 33(1):132-163.
[25] Lin M, Yang Y. Environmental Regulation and Technology Innovation: Evidence from China[J]. Energy Procedia, 2011, 5∶572-576.
[26] 王兵,吴延瑞,颜鹏飞.环境管制与全要素生产率增长:APEC的实证研究[J].经济研究,2008,(5):19-32.
[27] Ambec S., Cohen M. A, Elgie S., et al. The Porter Hypothesis at 20: Can Environmental Regulation Enhance Innovation and Competitiveness？[J]. Review of Environmental Economics & Policy, 2013, 7(1):2-22.
[28] 毕茜,于连超.环境税的企业绿色投资效应研究——基于面板分位数回归的实证研究[J].中国人口·资源与环境,2016,(3):76-82.
[29] 沈田华,彭珏,龚晓丽. 环境税经济效应分析的再扩展[J]. 财经科学,2011,(12):82-89.
[30] 张海星. 开征环境税的经济分析与制度选择[J]. 税务研究,2014,(6):34-40.
[31] 刘晔,周志波. 不完全竞争市场结构下环境税效应研究述评[J]. 中国人口·资源与环境,2015,(2):121-128.
[32] Copeland B. R., Taylor M. S. North-South Trade and the Environment[J]. Quarterly Journal of Economics, 1994, 109(3):755-787.
[33] Christainsen, G. B. & Haveman, R.H. The Contribution of Environmental Regulation to the Slowdown in Productivity Growth[J].Journal of Environmental Economics and Management,1981,8(4):381-390.
[34] Gollop F. M., Roberts M. J. Environmental Regulations and Productivity Growth: the Case of Fossil-Fueled Electric Power Generation[J]. Journal of Political Economy, 1983, 91(4):654-674.
[35] Yaisawarng S., Klein J. D. The Effects of Sulfur Dioxide Controls on Productivity Change in the U.S. Electric Power Industry[J]. Review of Economics & Statistics, 1994, 76(3):447-460.
[36] 胡大立,卢福财,汪华林. 企业竞争力决定维度及形成过程[J]. 管理世界,2007,(10):164-165.
[37] 胡平,温春龙,潘迪波. 外部网络、内部资源与企业竞争力关系研究[J]. 科研管理,2013,(4):90-98.
[38] 金碚. 企业竞争力测评的理论与方法[J]. 中国工业经济,2003,(3):5-13.