Industrial Policy and Competition

• 成果类型: Article
• 署名作者: Aghion, Philippe; Cai, Jing; Dewatripont, Mathias; Du, Luosha; Harrison, Ann; Legros, Patrick
• 署名单位: Harvard University; National Bureau of Economic Research; University of Michigan System; University of Michigan; Universite Libre de Bruxelles; University of Pennsylvania
• 刊物名称: AMERICAN ECONOMIC JOURNAL-MACROECONOMICS
• ISSN/ISSBN: 1945-7707
• DOI: 10.1257/mac.20120103
• 发表日期: 2015
• 页码: 1-32
• 关键词: productivity; TRADE; reallocations; DYNAMICS; EXIT

摘要

Using a comprehensive dataset of all medium and large enterprises in China between 1998 and 2007, we show that industrial policies allocated to competitive sectors or that foster competition in a sector increase productivity growth. We measure competition using the Lerner Index and include as industrial policies subsidies tax holidays, loans, and tariffs. Measures to foster competition include policies that are more dispersed across firms in a sector or measures that encourage younger and more productive enterprises.