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Industrial policy and competition

par Aghion, Philippe;Cai, Jing;Dewatripont, Mathias ;Du, Luosha;Harrison, Ann;Legros, Patrick
Référence American Economic Journal. Macroeconomics, 7, 4, page (1-32)
Publication Publié, 2015

Article révisé par les pairs

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Résumé :

Using a comprehensive dataset of all medium and large enterprises in China between 1998 and 2007, we show that industrial policies allocated to competitive sectors or that foster competition in a sector increase productivity growth. We measure competition using the Lerner Index and include as industrial policies subsidies tax holidays, loans, and tariffs. Measures to foster competition include policies that are more dispersed across firms in a sector or measures that encourage younger and more productive enterprises.