The Impact Of Tax Incentives On The High-Quality Development Of Advanced Manufacturing Enterprises

High-quality development is the main theme of economic and social development in the 14 th Five-Year Plan Period and the only way to realize socialist modernization.General Secretary Xi Jinping stressed that to achieve high-quality development,we must realize the connotation growth driven by innovation.In terms of innovation,the outline of the 14 th Five-Year Plan points out that innovation-driven development should be adhered to,new advantages should be fostered,capital,technology and other factors of production should be brought together by enterprises through establishing their innovation position,and a system of scientific and technological innovation that is market-led,enterprise-led and integrated by enterprises,universities and research institutes should be established.The realization of high-quality development needs to rely on the real economy.As the vanguard of the development of the real economy,the innovation ability of advanced manufacturing enterprises is crucial to promote high-quality development.This paper first reviews the domestic and foreign research results,defines the concepts of advanced manufacturing enterprises,innovation efficiency and high-quality development,and elaborates the relationship between tax incentives,innovation and high-quality development on the basis of endogenous growth theory,externality theory and innovation theory,and clarifies the mechanism of action to consolidate the theoretical basis of this paper.This paper analyzes the current situation of Chinese innovation and the policies and deficiencies of tax incentives in promoting innovation,and collects the data of advanced manufacturing enterprises from 2016 to 2020 for follow-up empirical analysis.In terms of the measurement of enterprise innovation ability,based on the research and analysis of relevant scholars,this paper chooses the super efficiency DEA-EBM model which takes the unexpected output into account.Then the fixed effect model is used to make a regression analysis of the collected data,and the conclusion is that tax incentives have a positive incentive effect on the innovation efficiency of advanced manufacturing enterprises.At the same time,in terms of heterogeneity analysis,this paper analyzes the heterogeneity of regions,industries and property rights,and draws the conclusion that tax incentives have a significant incentive effect on the improvement of innovation efficiency of advanced manufacturing enterprises in Bohai Rim and Pearl River Delta,but do not have an incentive effect on the improvement of innovation efficiency of advanced manufacturing enterprises in the Yangtze River Delta,central and western key urban agglomerations.There is a significant incentive effect on the improvement of innovation efficiency of electronic equipment manufacturing industry,but there is no incentive effect on the improvement of innovation efficiency of mechanical manufacturing and pharmaceutical manufacturing.It has an incentive effect on the improvement of innovation efficiency of state-owned enterprises and private enterprises,but does not have an incentive effect on the improvement of innovation efficiency of foreign advanced manufacturing enterprises.Finally,based on the relevant research of this paper,the corresponding policy suggestions are put forward.Possible innovations of this paper are as follows: first,to improve the construction of the index system for the measurement of innovation efficiency,and at the same time to innovate model selection,use the super-efficiency DEA-EBM model that takes into account the unexpected output.Secondly,in the aspect of heterogeneity analysis,the regional heterogeneity analysis of advanced manufacturing enterprise cluster is more suitable for the theme of advanced manufacturing enterprises.