CEPII, Recherche et Expertise sur l'economie mondiale
TVA et taux de marge : une analyse empirique sur données d'entreprises

Philippe Andrade
Martine Carré
Agnès Bénassy-Quéré

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 Abstract :
We study how French exporters react to a VAT shock in a destination country. VAT shocks are by nature almost permanent, exogenous, and have no impact on marginal costs. We argue that the subsequent price reaction therefore identifies to which extent mark-up adjustments tame the impact of a macro shock on final consumption prices. We show that even a uniform increase in the VAT rate can entail non-uniform mark-up adjustments across exporters and, consequently, an important redistribution of profits both between sectors and across firms within a sector. Indeed, mark-up adjustments vary with the elasticity of demand and the market shares.

 Keywords : Taxe à la Valeur Ajoutée TVA | Pass-through | Données de firme | Prix à l'exportation

 JEL : H21, H23, J41
CEPII Working Paper
N°2010-30, décembre 2010

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