2017 Fiscal Year Final Research Report
Creation, Displacement and Local Economic Development: Assessing the Efficiency of Place-Based Policies
| Project/Area Number |
16K17115
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| Research Category |
Grant-in-Aid for Young Scientists (B)
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| Allocation Type | Multi-year Fund |
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| Research Field |
Economic policy
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| Research Institution | Osaka University (2017)
Waseda University (2016) |
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Principal Investigator |
Zhu Lianming 大阪大学, 社会経済研究所, 講師 (60770691)
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| Research Collaborator |
Lu Yi Tsinghua University, School of Economics and Management, Professor
Wang Jin Hong Kong University of Science and Technology, Division of Social Science, Associate Professor
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| Project Period (FY) |
2016-04-01 – 2018-03-31
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| Keywords | Place-based policy / Special Economic Zone / Program evaluation / Big data analysis / China |
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| Outline of Final Research Achievements |
Combining rich firm and administrative data, this project 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 area. Net entry plays a larger role in explaining the effects than incumbents. A welfare analysis suggests that the program yielded net benefits of about US$15.42 billion over three years. Capital-intensive industries benefit more than labor-intensive ones from the zone programs.
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| Free Research Field |
Trade and Development
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