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Can “Capital-Biased” Preferential Tax Policies Promote Capital Deepening?

In: Proceedings of the 2024 3rd International Conference on Public Service, Economic Management and Sustainable Development (PESD 2024)

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  • Jingjing Xu

    (Anhui University, School of Economics)

Abstract

Capital deepening is an inevitable trend to cope with the aging of the population and the declining birth rate. Therefore, based on the data of manufacturing enterprises in the Shanghai and Shenzhen stock markets from 2011 to 2018, this paper examines the impact of the accelerated depreciation policy of fixed assets on capital deepening. The empirical test shows that the policy significantly increases the per capita capital of enterprises, and the growth rate of capital factor exceeds that of labor factor. The group discussion found that the capital deepening effect of this policy on capital-intensive and innovative enterprises is more obvious. These conclusions provide a basis for optimizing relevant tax policies.

Suggested Citation

  • Jingjing Xu, 2024. "Can “Capital-Biased” Preferential Tax Policies Promote Capital Deepening?," Advances in Economics, Business and Management Research, in: Qiujing Wu & Songsong Liu & Guoliang Wang & Jia Li (ed.), Proceedings of the 2024 3rd International Conference on Public Service, Economic Management and Sustainable Development (PESD 2024), pages 486-492, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-598-0_50
    DOI: 10.2991/978-94-6463-598-0_50
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