Subsidizing Fuel Efficient Cars: Evidence from China`s Automobile Industry

Title	Subsidizing Fuel Efficient Cars: Evidence from China`s Automobile Industry
Creator	胡偉民 Hu, Wei-Min Chen, Chia-Wen Knittel, Christopher R.
Contributor	財政系
Date	2020-01
Date Issued	24-May-2021 15:23:03 (UTC+8)
Summary	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
Type	article

dc.contributor	財政系
dc.creator (作者)	胡偉民
dc.creator (作者)	Hu, Wei-Min
dc.creator (作者)	Chen, Chia-Wen
dc.creator (作者)	Knittel, Christopher R.
dc.date (日期)	2020-01
dc.date.accessioned	24-May-2021 15:23:03 (UTC+8)	-
dc.date.available	24-May-2021 15:23:03 (UTC+8)	-
dc.date.issued (上傳時間)	24-May-2021 15:23:03 (UTC+8)	-
dc.identifier.uri (URI)	http://nccur.lib.nccu.edu.tw/handle/140.119/135086	-
dc.description.abstract (摘要)	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.
dc.format.extent	479091 bytes	-
dc.format.mimetype	application/pdf	-
dc.relation (關聯)	American Economic Journal--Economic Policy
dc.title (題名)	Subsidizing Fuel Efficient Cars: Evidence from China`s Automobile Industry
dc.type (資料類型)	article