Place-Based Policies. Creation, and Agglomeration Economies: Evidence from China's Economic Zone Program
Place-Based Policies. Creation, and Agglomeration Economies: Evidence from China's Economic Zone Program
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DOI：
10.1257/pol.20160272
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发表时间：
2019-08-01
影响因子：
5.3
通讯作者：
Zhu, Lianming
中科院分区：
文献类型：
--
作者：
Lu, Yi;Wang, Jin;Zhu, Lianming
本文结合丰富的企业和行政数据，考察了中国一项突出的基于地方的政策：经济特区的发生率和有效性。建立经济特区对资本投资、就业、产出、生产率和工资产生了积极影响，并增加了指定地区的公司数量。净进入在产生这些影响方面比现有企业发挥更大的作用。特区计划在三年内的净收益估计约为156.2亿美元。资本密集型产业比劳动密集型产业从工业区计划中受益更多。
Combining rich firm and administrative data, this paper examines the incidence and effectiveness of a prominent place-based policy in China: special economic zones. Establishing zones is found to have had a positive effect on capital investment, employment, output, productivity, and wages, and to have increased the number of firms in the designated areas. Net entry plays a larger role in generating those effects than incumbents. The special zone program's net benefits over three years are estimated to amount to about US$15.62 billion. Capital-intensive industries benefit more than labor-intensive ones from the zone programs.