The determinants and effectiveness of industrial policy in china: A study based on Five-Year Plans

Yiyun Wu, Xiwei Zhu and Nicolaas Groenewold

China Economic Review, 2019, vol. 53, issue C, 225-242

Abstract: This paper examines industrial policy in China over the period of the 9th - 12th Five-Year Plans (FYPs). Based on China's national and provincial FYPs and data disaggregated to the four-digit manufacturing sector level, it finds that the central government's preferences act as a key determinant of the provincial FYPs. It also shows that policy significantly improves output while it is in effect but there is no evidence of a beneficial effect beyond the end of the particular FYP. The results are consistently robust across a number of tests.

Keywords: Industrial policy; Industry selection; Five-Year Plan (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (16)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:chieco:v:53:y:2019:i:c:p:225-242

DOI: 10.1016/j.chieco.2018.09.010

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