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Place-Based Policies, Firm Productivity, and Displacement Effects
Hans Koster
Fang Fang Cheng
Michiel Gerritse
Frank G. van Oort
其他書名
Evidence from Shenzhen, China
出版
SSRN
, 2019
URL
http://books.google.com.hk/books?id=nYfbzwEACAAJ&hl=&source=gbs_api
註釋
Developing and transitional countries devote considerable funds to selected areas to stimulate local growth and firm productivity. We examine the impact of place-based interventions due to the opening of science parks in Shenzhen, China, on firm productivity and factor use. Our identification strategy, exploiting spatial and temporal differencing in firm-level data, addresses the issues that (a) the selection of science park locations is not random and (b) high-productivity firms sort themselves into science parks. Firm productivity is approximately 15-25% higher due to the science park policy. The policy also increases local wages and leads to distortions due to job displacement.
