Place-Based Policies. Creation, and Agglomeration Economies: Evidence from China's Economic Zone Program

• 成果类型: Article
• 署名作者: Lu, Yi; Wang, Jin; Zhu, Lianming
• 署名单位: Tsinghua University; Tsinghua University; Hong Kong University of Science & Technology; University of Osaka
• 刊物名称: AMERICAN ECONOMIC JOURNAL-ECONOMIC POLICY
• ISSN/ISSBN: 1945-7731
• DOI: 10.1257/pol.20160272
• 发表日期: 2019
• 页码: 325-360
• 关键词: selection; location; MARKET; PRODUCTIVITY; EFFICIENCY; schools; reforms; GROWTH

摘要

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.