| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP13889 |
| DP13889 China’s Industrial Policy: an Empirical Evaluation | |
| Myrto Kalouptsidi; Panle Jia Barwick; Nahim Bin Zahur | |
| 发表日期 | 2019-07-23 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | Despite the historic prevalence of industrial policy and its current popularity, few empirical studies directly evaluate its welfare consequences. This paper examines an important industrial policy in China in the 2000s, aiming to propel the country’s shipbuilding industry to the largest globally. Using comprehensive data on shipyards worldwide and a dynamic model of firm entry, exit, investment, and production, we find that the scale of the policy was massive and boosted China’s domestic investment, entry, and world market share dramatically. On the other hand, it created sizable distortions and led to increased industry fragmentation and idleness. The effectiveness of different policy instruments is mixed: production and investment subsidies can be justified by market share considerations, but entry subsidies are wasteful. Finally, the distortions could have been significantly reduced by implementing counter-cyclical policies and by targeting subsidies towards more productive firms. |
| 主题 | Development Economics ; Industrial Organization ; International Trade and Regional Economics |
| 关键词 | Industrial policy investment Dynamics Welfare China |
| URL | https://cepr.org/publications/dp13889 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/542765 |
| 推荐引用方式 GB/T 7714 | Myrto Kalouptsidi,Panle Jia Barwick,Nahim Bin Zahur. DP13889 China’s Industrial Policy: an Empirical Evaluation. 2019. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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