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Article Information:
Parallel Factor Analysis in Dual-class Tax Impacts of Agricultural Products: An Economic Research from Macro Perspective
Qishen Zhou, Yalan Xu, Ting Wang and Lipeng Chen
Corresponding Author: Qishen Zhou
Submitted: April 08, 2014
Accepted: April 28, 2014
Published: August 10, 2014 |
Abstract:
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This study aims to investigate the dual-class tax impacts on China agricultural products using the parallel factor analysis. Along with the rapid economic development of China, the growing purchasing power of Chinese residents has been accelerated; particularly in the expensive agricultural products market. China has adjusted taxable items of consumption tax to narrow the gap between rich and poor and to promote social equity. The atrophy of the expensive agricultural products market brought by the tax may curb the growth and development of domestic agricultural products industry. In this study, the parallel factor analysis is employed to investigate the dual-class tax impacts on China agricultural products. The results indicate that the taxation system should be taken from a forward-looking aspect. The market supply and demand for expensive agricultural products and consumer behaviors should be combined with an overall consideration. Hence, specific adjustments China expensive agricultural products market have been eventually put forward.
Key words: Agricultural products, Dual-class tax, Parallel factor analysis, , , ,
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Cite this Reference:
Qishen Zhou, Yalan Xu, Ting Wang and Lipeng Chen, . Parallel Factor Analysis in Dual-class Tax Impacts of Agricultural Products: An Economic Research from Macro Perspective. Advance Journal of Food Science and Technology, (8): 984-988.
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ISSN (Online): 2042-4876
ISSN (Print): 2042-4868 |
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