Replication data for: Place-Based Policies, Creation, and Agglomeration Economies: Evidence from China's Economic Zone Program

Combining rich firm and administrative data, this paper 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 areas. Net entry plays a larger role in generating those effects than incumbents. The special zone program's net benefits over three years are estimated to amount to about US$15.62 billion. Capital-intensive industries benefit more than labor-intensive ones from the zone programs.

结合详实的企业微观数据与行政统计数据，本文针对中国一项极具代表性的地方扶持政策——经济特区（special economic zones）的实施覆盖情况与政策成效展开系统考察。研究发现，设立经济特区对资本投资、就业规模、产出水平、生产率以及工资水平均产生了正向促进作用，同时提升了特区划定范围内的企业数量。相较于在位存续企业，企业净入驻对上述政策效应的贡献更为显著。经测算，该特区政策在三年内的净收益约为156.2亿美元。资本密集型产业相较劳动密集型产业，可从特区政策中获得更多收益。