FDI Spillovers and Industrial Policy: The Role of Tariffs and Tax Holidays

被引：47

作者：

Du, Luosha ^{[1
]}

Harrison, Ann ^{[2
,3
]}

Jefferson, Gary ^{[4
]}

机构：

[1] China Dev Bank, Beijing, Peoples R China

[2] Univ Penn, Philadelphia, PA 19104 USA

[3] NBER, Cambridge, MA 02138 USA

[4] Brandeis Univ, Waltham, MA USA

来源：

WORLD DEVELOPMENT | 2014年 / 64卷

基金：

美国国家科学基金会;

关键词：

foreign direct investment; industrial policy; manufacturing productivity; China; spillovers; TRADE LIBERALIZATION; INTERMEDIATE INPUTS; FOREIGN-INVESTMENT; IMPACT; PRODUCTIVITY; REALLOCATIONS; FIRMS; CHINA;

D O I：

10.1016/j.worlddev.2014.06.005

中图分类号：

F0 [经济学]; F1 [世界各国经济概况、经济史、经济地理]; C [社会科学总论];

学科分类号：

0201 ; 020105 ; 03 ; 0303 ;

摘要：

This paper examines how industrial policy specifically tariff liberalization and tax subsidies affects the magnitude and direction of FDI spillovers. We examine these spillover effects across the diverse ownership structure of China's manufacturing sector for 1998 through 2007. We find that tariff reforms, particularly tariff reductions associated with China's WTO ascension, increased the productivity impacts of FDI's backward spillovers. Tax policy both corporate income and VAT subsidies has seemingly drawn FDI into strategic industries that spawn significant vertical spillovers. We conclude that liberalization measures during the critical 1998-2007 period on balance served to enhance productivity growth in Chinese industry. (C) 2014 Published by Elsevier Ltd.

引用

页码：366 / 383

页数：18

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