【摘要】 基于中国30个省(市区) 2007—2017年的数据,着重分析省际间资本流动的影响因素。研究发现,税收减免不仅能带动资本流入,也提高了边际资本流入;优良的营商环境能促进税收减免的引资效应;分项营商环境对税收减免与资本流入非线性关系的调节作用存在差异,知识产权保护和劳动力要素供给均起到正向调节作用,而非国有经济发展具有负面的"市场挤出"效应,改善政府—市场关系能中和非国有经济发展"挤出"效应。进一步细分营商环境指标,发现劳动力要素供给数量能正向调节税收减免与资本流入非线性关系,而劳动力要素供给质量仅在东部地区发挥作用。更多还原

【Abstract】 This article focuses on the analysis of the factors affecting capital flows between province by 2007-2017 data from 30 provinces in China.There are three main conclusions. Firstly,tax reduction can not only drive capital inflows,but also increase marginal capital inflows. Secondly,a favorable business climate can promote the capital introduction effect of tax reductions. Thirdly there are differences between the itemized business climate which has the moderating effect on the nonlinear relationship between tax reductions and capital inflow. The protection of intellectual property and the supply of labor both play a positive regulatory role,while the development of non-state-owned economy make a negative affect which is“market crowding out”effect. Improving the government-market relationship can neutralize the“crowding out”effect of non-state-owned economy development. Further sorting the business climate,it is found that the quantity of labor supply can positively adjust the nonlinear relationship between tax relief and capital inflow,while the quality of labor factor supply only plays a role in the eastern region.更多还原