摘要

Rising concern over the impact of Chinese industrial policy has led to severe trade tensions between China and some of its major trading partners. In recent years, foreign criticism has increasingly focused on the so-called "Made in China 2025" initiative. In this paper, we use information extracted from Chinese listed firms' financial reports and a difference-in-differences approach to examine how the "Made in China 2025" policy initiative has impacted firms' receipt of subsidies, R&D expenditure, patenting, productivity, and profitability. We find that while more innovation promotion subsidies seem to flow into the listed firms targeted by the policy, we see little statistical evidence of productivity improvement or increases in R&D expenditure, patenting and profitability. This paper suggests that the “Made in China 2025” initiative may have not yet achieved its target goals.

论文统计数据

  • 浏览次数:

  • 下载次数:

    1

相关文献

Lee G. Branstetter ; Guangwei Li ; DOES MADE IN CHINA 2025 WORK FOR CHINA (2023年01月14日)http://www.cfrn.com.cn//lw/gsjr/zfzcyjggsjrlw/c0bd3abd3b9f42f384424b0a183170bb.htm

选择要认领的作者
真实姓名
*邮 箱
身份验证
确认
取消