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来源类型Working Paper
规范类型报告
DOI10.3386/w26148
来源IDWorking Paper 26148
Spatial Misallocation: Evaluating Place-Based Policies Using a Natural Experiment in China
Binkai Chen; Ming Lu; Christopher Timmins; Kuanhu Xiang
发表日期2019-08-12
出版年2019
语种英语
摘要Using the mass closure of development zones in 2004 as a natural experiment, we examine the causal effect of development zones on firm level TFP in China. The difference-in-difference estimator shows that on average, loss of development zone policies results in 6.5% loss of firms’ TFP. Locational heterogeneity is important. Within 500 kilometers from the three major seaports in China, closure of zones reduced firm-level TFP by 9.62%, whereas closure of zones farther away did not show significant effects. Market potential and local within-industry spillover effects can explain much of this locational heterogeneity. We conclude that China’s strategy of using development zones as a place-based policy to encourage inland development may have led to spatial misallocation.
主题Development and Growth ; Country Studies ; Regional and Urban Economics ; Regional Economics
URLhttps://www.nber.org/papers/w26148
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/583822
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Binkai Chen,Ming Lu,Christopher Timmins,et al. Spatial Misallocation: Evaluating Place-Based Policies Using a Natural Experiment in China. 2019.
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