产业政策、现有比较优势与企业表现.pptVIP

very preliminaryComparative Advantage and the Effects of Place-Based Policies: Evidence from China’s Export Processing Zones Zhao Chen#, Sandra Poncet*, Ruixiang Xiong# #China Center of Economic Studies, Fudan University *Paris School of Economics (University of Paris 1) and CEPII * I. Introduction Industry policies, place-based policies and Economic Zones in China No conclusive conclusions about the effectiveness of place-based policies (Moretti, 2010, Busso et al., 2013) Difficulties in evaluation of industry policies (Krugman, 1983) How to measure industry policy How to identify the causality * I. Introduction In this paper The effects of export-processing zones (EPZs) Clear policy purpose The role of comparative advantage DID estimation using a quasi-experiment of EPZs in China. * II. Brief literature review The effect of industry policies (Cai, Harrison and Lin, 2011) Tariff policy has positive impact on TFP of industries with comparative advantage Comments: Tariff policy TFP Comparative advantage: exporting firms Policy of protection vs. policy of promotion II. Brief literature review Policy evaluation of Economic Zones City-level data (Wei, 1995; Wang, 2013; Alder et al., 2013) Firm-level data (Head and Ries, 1996; Schminke and Van Biesebroeck, 2013) Comments: policy at city-level, no within city difference Few concern about the heterogeneous impact This paper: Policy difference at city-industry level Comparative advantage III. Background of China’s EPZs Aim: promote exports by preferential policies Establishment : * Establishment year Number of EPZs 2000 15 2001 3 2002 8 2003 13 2005 18 total 57 III. Background of China’s EPZs Only some industries chosen as key industries could enjoy preferential policies Preferential policies in EPZs：free VAT, free trade for imported components; facilitate firm’s exporting o