Spatial Misallocation: Evaluating Place-Based Policies Using a Natural Experiment in China
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Using the mass closure of development zones in 2004 as a natural experiment, we examine the causal effect of development zones on firm level TFP in China. The difference-in-difference estimator shows that on average, loss of development zone policies results in 6.5% loss of firms TFP. Locational
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美国国家经济研究局创建时间：
2019-08-01
