Impact of the Reduction of VAT Rate on Southeast Coastal Real Estate Enterprises

<table class="table-group" id="tab4"><tr><td><table class="table"><tr><td class="thead-hr" colspan="2"><hr/></td></tr><tr class="thead"><td class="align_left"> </td><td class="align_center">Operating income in 2019-operating income in 2018</td></tr><tr><td class="thead-hr" colspan="2"><hr/></td></tr><tr><td class="align_left"><i>Z</i></td><td class="align_center">−2.501<sup>b</sup></td></tr><tr><td class="align_left">Progressive significance (two-tailed)</td><td class="align_center">0.012</td></tr><tr class="table-tr"><td colspan="2"><hr class="tbody-hr"/></td></tr></table></td></tr><tr class="table-fn"><td><div><sup>a</sup>Wilcoxon signed-rank test. <sup>b</sup>Based on negative rank.<br/></div></td></tr></table>

<div>Test statistics<sup><i>a</i></sup>.</div>

Discrete Dynamics in Nature and Society

tab4

Table 4

Table 4: Impact of the Reduction of VAT Rate on Southeast Coastal Real Estate Enterprises 