主题：Geography versus Policy:Exploring How Location Matters in Placed-Based Policies Using a Natural Experiment in China
主讲人：上海交通大学安泰经济管理学院 陆铭 特聘教授
摘要：Using the mass closure of development zones in 2004 as a natural experiment, we examine the causal effect of development zone closure on firm-level TFP in China, and its locational heterogeneity. The difference-in-difference estimator shows that on average, loss of protection by zones results in 6.5% loss of firms’ TFP, while the effect varies with locations. Within 500 kilometers of the three major seaports in China, closure of zones reduced firm-level TFP by 9.62%, whereas closure of zone farther away did not show significant effects. We also found that market potential plays a role in explaining the locational heterogeneous effect.