Executive Summary: Public Economics and Taxation
Article by Zhao Chen et al.
Originally posted on January 13, 2020.
Chen et al. discuss the ramifications of China's 2009 VAT reform for investment.
Citation for the full article:
Chen, Z, X Jiang, Z, Liu, J C S, Serrato and D Xu (2019), “Tax Policy and Lumpy Investment Behavior: Evidence from China’s VAT Reform”, NBER Working Paper 26336.