Proceedings of the 3rd International Conference on Economic Development and Business Culture (ICEDBC 2023)

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Effects of Fiscal and Tax Policies on Stimulating the Development of Advanced Manufacturing Industry Clusters

Authors
Jiachang Li1, *, Defa Cai1, *, Zhengyu Wang1
1School of Public Finance and Administration, Harbin University of Commerce, Harbin, China
*Corresponding author. Email: 185885205@qq.com
*Corresponding author. Email: abcd04754@126.com
Corresponding Authors
Jiachang Li, Defa Cai
Available Online 26 September 2023.
DOI
10.2991/978-94-6463-246-0_93How to use a DOI?
Keywords
Advanced manufacturing industry; Industrial clusters; Incentive policies; Fiscal and tax incentives; Economic effects
Abstract

Industrial clusters are crucial in promoting the specialised division of labour and aggregation of innovative resources, serving as a crucial pathway for China’s endeavour to become a major manufacturing powerhouse and elevate its industries to the high end of the value chain. Advanced manufacturing industry clusters symbolise an advanced form of deepening the industrial division of labour and agglomeration development, with internationally competitive advanced manufacturing industry clusters being key indicators of a manufacturing superpower. To verify the economic siphon effects of local fiscal and tax incentives on industrial clusters, this study used a dynamic panel simultaneous equation model for analysis. The results revealed a two-way stimulating dynamic between the local fiscal and tax incentives and the development of advanced manufacturing industry clusters, along with a certain degree of time lag .

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 3rd International Conference on Economic Development and Business Culture (ICEDBC 2023)
Series
Advances in Economics, Business and Management Research
Publication Date
26 September 2023
ISBN
978-94-6463-246-0
ISSN
2352-5428
DOI
10.2991/978-94-6463-246-0_93How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Jiachang Li
AU  - Defa Cai
AU  - Zhengyu Wang
PY  - 2023
DA  - 2023/09/26
TI  - Effects of Fiscal and Tax Policies on Stimulating the Development of Advanced Manufacturing Industry Clusters
BT  - Proceedings of the 3rd International Conference on Economic Development and Business Culture (ICEDBC 2023)
PB  - Atlantis Press
SP  - 768
EP  - 772
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-246-0_93
DO  - 10.2991/978-94-6463-246-0_93
ID  - Li2023
ER  -