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| 1 |
ID:
134880
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| Summary/Abstract |
This paper utilizes a previously unavailable database on the commodity transactions of firms to analyze internal trade in China. This database is built from value-added tax (VAT) invoices collected under a comprehensive management information system, the Golden Tax Project (GTP). This project was established in 1994 to monitor and administer VAT collection and has been improved over the subsequent years. We present the structure, function, and evolution of the GTP, which provides reliable information on transaction values across provinces. We have access only to part of the GTP data set relevant to internal trade. The data suggests that internal trade in China has grown quickly but with seasonal fluctuations. Although the interprovincial trade in China is smaller than the interstate trade in United States and the intra-European Union trade, the high growth rate of the interprovincial trade suggests that economic connections among the provinces are strengthening. The positive relationship between internal trade and international trade in most regressions suggests the possible complementarity between these two types of trade.
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| 2 |
ID:
103933
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| Publication |
2011.
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| Summary/Abstract |
This paper investigates the price elasticity of cigarettes using an urban household survey in China. We find that cigarette price is an important determinant of smoking. In our two-part model, the overall price elasticity is - 0.82. Nevertheless, tobacco demand is influenced by both price and quality. We net out the quality effect of tobacco demand to obtain standard price elasticities, which are between - 0.70 and - 0.35. In addition, when we estimate two demand systems of Chinese households, the estimated own-price elasticities of cigarettes are - 0.57 and - 0.81. These elasticities suggest that if the tobacco excise tax rate goes up, cigarette consumption will drop rapidly, and government revenue from the tobacco tax will increase.
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| 3 |
ID:
140235
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| Summary/Abstract |
This study uses two different datasets to explore the stylized facts of interprovincial trade in China during the recent two decades. One dataset provides the magnitude of bilateral interprovincial goods trade calculated using firms' value-added tax invoices. The other supplies estimates of interprovincial trade using provincial input–output tables. We find that China has both a large value and a high growth rate of interprovincial trade, but there still exists a home bias in internal trade for most provinces. In addition, disaggregation by product shows that the manufacturing sector has the largest share of interprovincial trade and this share continues to grow. Finally, the spatial distribution of trade suggests that all provinces can be clustered into a smaller number of trade areas with large intra-cluster trade. Therefore, China's central government should make more effort to reduce local protection, stimulate domestic demand and coordinate interregional trade among local jurisdictions.
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