In:
American Economic Journal: Economic Policy, American Economic Association, Vol. 11, No. 3 ( 2019-08-01), p. 325-360
Abstract:
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. (JEL O16, O18, O25, P25, R23, R32, R58)
Type of Medium:
Online Resource
ISSN:
1945-7731
,
1945-774X
DOI:
10.1257/pol.20160272
Language:
English
Publisher:
American Economic Association
Publication Date:
2019
detail.hit.zdb_id:
2442382-8
detail.hit.zdb_id:
2452647-2
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