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Evaluation of Fiscal Policy Effect of China’s Photovoltaic Industry. L&E 26 (4) 2018

Light & Engineering 26 (4)

Volume 26
Date of publication 12/20/2018
Pages 111–116

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Evaluation of Fiscal Policy Effect of China’s Photovoltaic Industry. L&E 26 (4) 2018
Articles authors:
Gang AN, Hang WANG

Gang AN, Ph.D. in Public Finance from School of E&M, Wuhan University

Hang WANG, Ph.D. in Public Finance from the Centre of Finance Research, Wuhan University

Abstract:
To explore the role of fiscal policies in promoting the development of photovoltaic industry, the effects of financial subsidies on the development of China’s photovoltaic industry were analyzed by using the micro data of listed companies. The empirical analysis results in this study indicate that the fiscal policies represented by financial subsidies play a remarkable positive impetus function and financial subsidies are positively correlated with the operating performance of Photovoltaic enterprises. With larger the asset size and higher the Research and Development (R&D) investments, the operating performance of Photovoltaic enterprises is the better. Based on the above results, this study puts forward some policy suggestions on optimizing fiscal policy tools and further promoting the development of photovoltaic industry.
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