Research On The Impact Of Tax Preferential Policies On The Total Factor Productivity Of The New Energy Industry

Because of the stable supply of energy,it has promoted the development of our economy and society.The new energy source must be developed,with the fossil energy damages our ecological environment,as well as in the context of the "double carbon" goal have been proposed.The new energy industry is one of the strategic emerging industries of our country.Besides,it has gradually become the new trend of future energy industry.To some extent,total factor productivity can reflect the quality of country’s economic development,it is an important standard to measure the efficiency of technological innovation and the efficiency of resource allocation.Not only reflect preferential tax policies the state will as a means of regulation and control,but also can guide the healthy development of the new energy industry to a certain extent.Therefore,it is of great significance to explore the enhancement effect of tax incentive policies on the total factor productivity of listed enterprises in the new energy industry of Chinese,to seek the size of incentive effect of different tax incentives,as well as to plumb whether there is heterogeneity of such incentive effect.Firstly,this paper combs the relevant literature and summarizes the previous research results.Then theoretical analysis carried out the mechanism of action and influence of tax incentives on the total factor productivity of listed enterprises in the new energy industry,and proposed relevant research hypotheses.Secondly,summarized the present situation and existing problems of tax incentives in the new energy industry.Based on the data of listed companies in the new energy industry from 2016 to 2021,LP method is selected to measure their total factor productivity level after compared various methods,tested the incentive effect with the fixed effect model,and carried out heterogeneity analysis and robustness test.Finally,based on the conclusion of the empirical analysis,put forward specific suggestions.This study shows that: first of all,tax incentive policies can significantly improve the total factor productivity of listed enterprises in the new energy industry,and from strong to weak,the incentive effects of different tax incentive in the new energy industry are as follows: additional deduction of research and development expenses,preferential tax rate of enterprise income tax,preferential tax of turnover tax.Second,the effect of tax incentive on the total factor productivity of new energy enterprises has a heterogeneous effect in different regions,which effect has more significance in the eastern and central regions.Thirdly,the effect of tax incentive has different heterogeneous effects on the total factor productivity of new energy enterprises,and has the strongest incentive effect on the non-state-owned enterprises.Lastly,the incentive effect of tax incentive has a heterogeneous effect on the total factor productivity of listed companies in the new energy industry in different life cycles,and has the strongest incentive effect on the total factor productivity of listed companies in the period of declining.According to the above conclusions,this paper finally puts forward relevant policy suggestions to improve the total factor productivity of listed enterprises in the new energy industry and promote the healthy development of the new energy industry.