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政大機構典藏 > 社會科學學院 > 財政學系 > 期刊論文 > Item 140.119/135086

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Title:	Subsidizing Fuel Efficient Cars: Evidence from China`s Automobile Industry
Authors:	胡偉民 Hu, Wei-Min Chen, Chia-Wen Knittel, Christopher R.
Contributors:	財政系
Date:	2020-01
Issue Date:	2021-05-24 15:23:03 (UTC+8)
Abstract:	This paper examines the response of vehicle purchase behavior to China`s largest national subsidy program for fuel-efficient vehicles during 2010 and 2011. Using variation from the program`s eligibility cutoffs and the rollout of the subsidy program, the program is found to boost sales for subsidized vehicle models, but also to create a substitution effect within highly fuel-efficient vehicles. Estimates imply that ignoring the substitution effect would lead one to conclude that the program is welfare enhancing, whereas in fact the marginal cost of the program exceeds the marginal benefit by as much as 300 percent.
Relation:	American Economic Journal--Economic Policy
Data Type:	article
Appears in Collections:	[財政學系] 期刊論文

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