出口退税调整对中国稀土企业进入退出行为的影响
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何欢浪, 刘惠
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Impact of export rebate on firms’ entry and exit behaviors in China’s rare earth industry
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HE Huanlang, LIU Hui
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表5 出口退税调整与企业退出行为的估计结果
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Table 5 Empirical results of the impact of export rebate on firm exit
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| 企业退出 | 企业退出 | 企业退出(滞后一期) | 企业退出 | 企业退出 | 企业退出(滞后一期) | | (1) | (2) | (3) | (4) | (5) | (6) | | △ExportRebates | –0.0432*** | –0.0489*** | | –0.0698*** | –0.0651*** | | | (–4.74) | (–4.96) | | (–6.73) | (–5.05) | | | L.△ExportRebates | | | –0.0545*** | | | –0.0685*** | | | (–5.05) | | | (–5.89) | | Constant | 1.144** | 1.056*** | 1.059*** | 1.737*** | 0.763** | 2.018*** | | (2.73) | (3.04) | (5.05) | (4.66) | (2.40) | (4.27) | | 控制变量 | NO | NO | NO | YES | YES | YES | | 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 | 0.0162 | 0.0385 | 0.0319 | 0.1691 | 0.2390 | 0.1819 | | Observations | 1599 | 1599 | 1599 | 1599 | 1599 | 1599 |
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