ArticleHeliyon2024
How to play the role of fiscal subsidies? Based on the research of photovoltaic industry in China--Based on SBM-DEA and FGLS methods.
Article in Heliyon, 2024. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Not yet cited in PubMed.
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Abstract
Fiscal compensation may play either an incentive or a crowding-out role in the different enterprises of the PV industry. First, a model for evaluating the efficiency of fiscal compensation was designed. Then, an empirical analysis of the influencing factors using a panel data model was made. Results showed that fiscal compensation had an incentive effect on 73.3 % of enterprises, but it had a crowding-out effect on the remaining enterprises. The average efficiency of fiscal compensation for enterprises in the PV industry is 1.117. The average efficiency of fiscal compensation for the front-end and back-end enterprises was 1.002 and 1.231, respectively. The impact of fiscal compensation on China's photovoltaic industry has shown a downward trend over time, and the role has also changed from an incentive effect to a crowding-out effect. The size of the enterprise and the intensity of fiscal compensation will affect the efficiency of fiscal compensation. There is an inverted U-shaped relationship between the intensity of fiscal compensation in China's photovoltaic industry and the efficiency of fiscal compensation. The larger the enterprise, the more efficient the fiscal compensation will be.
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