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调整证券交易印花税对中国股市波动的非对称——影响的实证研究 被引量:3

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摘要 本文检验了我国股市从1991年到2008年历次证券交易印花税税率变动对市场波动性的影响,发现上调证券交易印花税和下调证券交易印花税对股市波动性产生的是非对称影响。简言之,在短期内,提高证券交易印花税税率会显著影响股市波动性,而降低税率则不必然引起波动性在统计意义上的显著变化。此外,上调税率反而会加剧股市的不稳定性,这与该政策试图遏制过度投机、保持股市平稳发展的初衷是相违的。
作者 罗磊
出处 《世界经济情况》 2008年第8期82-90,共9页 World Economic Outlook
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