Journal article
Do Place-Based Policies Promote Local Innovation and Entrepreneurship?
REVIEW OF FINANCE, Vol.26(3), pp.595-635
05/24/2022
DOI: 10.1093/rof/rfab029
Abstract
This paper explores how a prominent place-based policy in China, the national high-tech zones, affects local innovation output and entrepreneurial activities. Making use of staggered establishments of national high-tech zones in various Chinese cities, we find that the establishment of national high-tech zones has positive effects on local innovation output and entrepreneurial activities. A number of additional tests suggest that the effects appear causal. Access to finance, reductions in administrative burdens, and talent cultivation are three plausible underlying economic channels. Our paper sheds new light on the evaluation of the effectiveness of China's place-based policies.
Details
- Title: Subtitle
- Do Place-Based Policies Promote Local Innovation and Entrepreneurship?
- Creators
- Xuan Tian - Tsinghua UniversityJiajie Xu - Boston College
- Resource Type
- Journal article
- Publication Details
- REVIEW OF FINANCE, Vol.26(3), pp.595-635
- Publisher
- Oxford Univ Press
- DOI
- 10.1093/rof/rfab029
- ISSN
- 1572-3097
- eISSN
- 1573-692X
- Number of pages
- 42
- Grant note
- 71825002; 71790591; 91746301 / National Natural Science Foundation of China; National Natural Science Foundation of China (NSFC) BJJWZYJH 01201910003014 / Beijing Outstanding Young Scientist Program
- Language
- English
- Date published
- 05/24/2022
- Academic Unit
- Finance
- Record Identifier
- 9984380455502771
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