Research on the Economic Impact of New Energy Fiscal and Tax Policies Based on CGE Model -- A Case from Inner Mongolia
The development of new energy is not only an objective need for sustainable development of mankind, but also an important breakthrough for the world to foster new economic growth points. The focus of this article is on what kind of fiscal and tax policies the government implements can better guide t...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
EDP Sciences
2018-01-01
|
| Series: | E3S Web of Conferences |
| Online Access: | https://doi.org/10.1051/e3sconf/20185301044 |
| _version_ | 1818656927929860096 |
|---|---|
| author | Weihong HAN Lingling PAN Xinjiletua YANG |
| author_facet | Weihong HAN Lingling PAN Xinjiletua YANG |
| author_sort | Weihong HAN |
| collection | DOAJ |
| description | The development of new energy is not only an objective need for sustainable development of mankind, but also an important breakthrough for the world to foster new economic growth points. The focus of this article is on what kind of fiscal and tax policies the government implements can better guide the development of new energy and have a more favorable impact on the economy. This paper, taking wind power and solar photovoltaic power industries in the Inner Mongolia as an example, using the dynamic 3ED-CGE model, explored the economic impacts of different financial subsidies and preferential tax policies on new energy enterprises. And then this paper provided suggestions for the formulation of fiscal and tax policies. The study founded that compared with the fixed subsidy mechanism financial subsidies by the fall-off mechanism could be better to promote the growth of GDP, residents' welfare and employment. If the government didn't subsidize the new energy electric power's sales price to network after 2020, it would not have a negative impact. The 15% income tax rate was more effective in promoting the development of economic than 25%. 8.5% and 6% value-added tax rate exerted similar effects on the economy, but 6% value-added tax rate had a significant promotion on optimized adjustment the consumption structure of fossil energy and electric energy. |
| first_indexed | 2024-12-17T03:33:22Z |
| format | Article |
| id | doaj.art-cb65837658be4a21a49f1c7959bf41d4 |
| institution | Directory Open Access Journal |
| issn | 2267-1242 |
| language | English |
| last_indexed | 2024-12-17T03:33:22Z |
| publishDate | 2018-01-01 |
| publisher | EDP Sciences |
| record_format | Article |
| series | E3S Web of Conferences |
| spelling | doaj.art-cb65837658be4a21a49f1c7959bf41d42022-12-21T22:05:12ZengEDP SciencesE3S Web of Conferences2267-12422018-01-01530104410.1051/e3sconf/20185301044e3sconf_icaeer2018_01044Research on the Economic Impact of New Energy Fiscal and Tax Policies Based on CGE Model -- A Case from Inner MongoliaWeihong HANLingling PANXinjiletua YANGThe development of new energy is not only an objective need for sustainable development of mankind, but also an important breakthrough for the world to foster new economic growth points. The focus of this article is on what kind of fiscal and tax policies the government implements can better guide the development of new energy and have a more favorable impact on the economy. This paper, taking wind power and solar photovoltaic power industries in the Inner Mongolia as an example, using the dynamic 3ED-CGE model, explored the economic impacts of different financial subsidies and preferential tax policies on new energy enterprises. And then this paper provided suggestions for the formulation of fiscal and tax policies. The study founded that compared with the fixed subsidy mechanism financial subsidies by the fall-off mechanism could be better to promote the growth of GDP, residents' welfare and employment. If the government didn't subsidize the new energy electric power's sales price to network after 2020, it would not have a negative impact. The 15% income tax rate was more effective in promoting the development of economic than 25%. 8.5% and 6% value-added tax rate exerted similar effects on the economy, but 6% value-added tax rate had a significant promotion on optimized adjustment the consumption structure of fossil energy and electric energy.https://doi.org/10.1051/e3sconf/20185301044 |
| spellingShingle | Weihong HAN Lingling PAN Xinjiletua YANG Research on the Economic Impact of New Energy Fiscal and Tax Policies Based on CGE Model -- A Case from Inner Mongolia E3S Web of Conferences |
| title | Research on the Economic Impact of New Energy Fiscal and Tax Policies Based on CGE Model -- A Case from Inner Mongolia |
| title_full | Research on the Economic Impact of New Energy Fiscal and Tax Policies Based on CGE Model -- A Case from Inner Mongolia |
| title_fullStr | Research on the Economic Impact of New Energy Fiscal and Tax Policies Based on CGE Model -- A Case from Inner Mongolia |
| title_full_unstemmed | Research on the Economic Impact of New Energy Fiscal and Tax Policies Based on CGE Model -- A Case from Inner Mongolia |
| title_short | Research on the Economic Impact of New Energy Fiscal and Tax Policies Based on CGE Model -- A Case from Inner Mongolia |
| title_sort | research on the economic impact of new energy fiscal and tax policies based on cge model a case from inner mongolia |
| url | https://doi.org/10.1051/e3sconf/20185301044 |
| work_keys_str_mv | AT weihonghan researchontheeconomicimpactofnewenergyfiscalandtaxpoliciesbasedoncgemodelacasefrominnermongolia AT linglingpan researchontheeconomicimpactofnewenergyfiscalandtaxpoliciesbasedoncgemodelacasefrominnermongolia AT xinjiletuayang researchontheeconomicimpactofnewenergyfiscalandtaxpoliciesbasedoncgemodelacasefrominnermongolia |