出口退税调整对中国稀土企业进入退出行为的影响
何欢浪, 刘惠

Impact of export rebate on firms’ entry and exit behaviors in China’s rare earth industry
HE Huanlang, LIU Hui
表3 出口退税调整与企业进入行为的估计结果
Table 3 Empirical results of the impact of export rebate on firm entry
企业进入 企业进入 企业进入(滞后1期) 企业进入 企业进入 企业进入(滞后1期)
(1) (2) (3) (4) (5) (6)
ExportRebates 0.0317*** 0.0503*** 0.0295** 0.0374***
(4.77) (5.45) (3.21) (3.85)
L.ExportRebates 0.0406*** 0.0327***
(6.67) (4.98)
TFP –0.0185 –0.0327 –0.0315
(–0.39) (–0.65) (–0.63)
Size –0.0899 –0.0856 –0.0820
(–1.62) (–1.70) (–1.73)
Age –0.0353*** –0.0390*** –0.0395***
(–6.92) (–7.24) (–7.31)
CapitalIntensity 0.0179 0.0208 0.0185
(0.63) (0.69) (0.62)
Lev 0.0277 0.0264 0.0269
(1.62) (1.48) (1.50)
Subsidy 5.621** 5.807** 5.601**
(2.72) (2.78) (2.68)
SOE –0.189 –0.171 –0.168
(–1.83) (–1.56) (–1.53)
Private –0.332*** –0.321*** –0.264**
(–3.71) (–3.50) (–2.84)
Constant –0.488*** –0.391** –0.478** –0.839** –0.948** –0.898*
(–2.98) (–2.79) (–2.72) (–2.94) (–2.66) (–2.51)
年份固定效应 NO YES YES NO YES YES
地区固定效应 NO YES YES NO YES YES
Pseudo R2 0.0122 0.0233 0.0319 0.0599 0.0741 0.0797
Observations 1630 1630 1630 1630 1630 1630