Industrial Policy and Competition

Philippe Aghion, Jing Cai, Mathias Dewatripont, Luosha Du, Ann Harrison and Patrick Legros

American Economic Journal: Macroeconomics, 2015, vol. 7, issue 4, 1-32

Abstract: 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. (JEL L11, L25, L52, O14, O25, O47, P31)

JEL-codes: L11 L25 L52 O14 O25 O47 P31 (search for similar items in EconPapers)
Date: 2015
Note: DOI: 10.1257/mac.20120103
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Citations: View citations in EconPapers (159)

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Related works:
Chapter: Industrial Policy and Competition (2022)
Working Paper: Industrial policy and competition (2015)
Working Paper: Industrial Policy and Competition (2012)
Working Paper: Industrial Policy and Competition (2011)
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