Tariff Reduction And Enterprise Innovation

After China joined the WTO in December 2001,various tariff-related trade barriers fell sharply.After more than a decade of precipitation,China has continuously implemented the tariff reduction provisions promised when it joined the WTO.In recent YEARs,it has also introduced specific trade forms that are more favorable than the relevant provisions of the WTO.China has signed a free trade agreement with 22 countries and regions.On this basis,it has continuously implemented the construction of domestic free trade zones,and the free trade zone has gradually become a new form of China's opening up.The above specific measures reflect China's active response to the development of the global economic situation,the active implementation and promotion of opening up and economic transformation and upgrading,and the effective implementation of tariff reform.The low-cost alternatives brought about by tariff reduction have triggered fierce market competition.In order to occupy market share,whether domestic enterprises will attach importance to innovation capability and increase R&D investment is a problem worth exploring.This paper takes the listed companies in the INDUSTRY classification of China Securities Regulatory Commission as a research sample from 2012 to 2017,and adopts the tariff liberalization implementation plan issued by the General Administration of Customs of the People's Republic of China from the perspective of trade liberalization and tariff reduction policies after China's accession to the WTO.In accordance with the "2012 INDUSTRY Classification Standards Guide" for the company's induction screening basis,inductive analysis of the INDUSTRY affected by tariff concessions in 2012-2017,using empirical research methods to explore the impact of tariff concessions on corporate innovation,and By adding the property rights to the tariff concessions,we examine the regulatory effects of property rights on tariff reduction and enterprise innovation.The conclusions drawn in this paper are as follows: First,through multiple regression analysis and propensity matching score method.This paper finds that tariff reduction has a positive incentive effect on enterprise innovation.Compared with enterprises that are notaffected by tariff reduction,enterprises affected by tariff reduction are facing more intense market competition.In order to seize more market share,enterprises affected by tariff reductions have relatively more R&D investment.Second,by adding the property rights to the tariff concessions,it is found that the nature of property rights will have a regulatory effect on the relationship between tariff reduction and enterprise innovation.Specifically,when the actual controller is of a state-owned nature,it will weaken the positive incentive effect of tariff reduction on enterprise innovation.