Study On The Effect Of Export Tax Rebate On China's Export Trade

China implemented the export tax rebate policy since 1985.The export tax rebate is a financial means used by a country to improve the competitiveness of its export products,and it influences the cost of exports by adjusting the export tax rebate rate of goods, so as to achieve the purpose of promoting the export of goods.China's government used the export tax rebate policy as an important means of macroeconomic control after the tax reform in 1994.The government has adjusted the rate of export tax rebate several times according to the economic operation,in order to promote China's export trade growth and optimize the structure of export commodities. From this studying the export tax rebate on the impact of China's export trade is very important.The article makes a historical review of the adjustment to export tax rebate policy in China firstly, and furthermore this paper analysis the channels and mechanisms from static and dynamic effects of two aspects. Based on the theoretical analysis, the article collects the data to make quantitative analysis to reflect the changes of the country's total exports and the structure of export commodities directly. And this paper makes the cointegration analysis of China's total export volume and export tax rebate from1985 to 2010,and the conclusions is that there is a long-term equilibrium relationship between China's total export volume and export tax rebate. Because China adopted a series of policy adjustments including maintain and pressure after 2004 to optimize the export structure, the paper builds a panel data madel on the amount of industry export and its tax rebate from 2000 to 2008,and the result shows that export tax rebate policy adjustment made different impact of different industries. The adjustment of tax rebate policy has basically achieved its goal, that is, it has shut down on the export of high pollution, high energy consumption and resources products, give an impetus to the export of technique products, and optimized the export structure.Finally, this article coneludes that China's export tax rebate system problems, combined with the results of empirical analysis, put forward a sound policy recommendations for China's export tax rebate.