产业政策与企业生产率——来自《中国制造2025》颁布的准自然实验The “Made in China 2025” Plan and Firm Productivity
潘凌云
摘要(Abstract)：
目前，中国经济已经进入了高质量发展的新阶段。在这一新阶段，提高企业全要素生产率无疑是实现高质量发展的重要基础。本文利用2015年颁布的《中国制造2025》作为“准自然实验”,并以2011—2018年A股制造业上市公司数据作为研究样本，考察了产业政策与企业生产率之间的因果关系。实证结果表明：《中国制造2025》有效促进了企业生产率的提高，在有效排除共同趋势、预期效应等问题后，这一结论依然稳健；在进一步对作用机制的考察中发现，《中国制造2025》主要通过资源效应(税收减免、财政补贴、信贷优惠)和竞争效应提升了企业生产率。本文的研究有助于深入理解产业政策影响企业行为的微观机理，对政府利用产业政策提振实体经济具有重要启示。
关键词(KeyWords)： 《中国制造2025》;生产率;资源效应;竞争效应
基金项目(Foundation): 国家自然科学基金(71862017)的资助
作者(Author): 潘凌云
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