Econ Papers Daily / 期刊论文
产业政策、长期导向与出口产品质量
Industrial Policy, Long‐Term Orientation and Export Product Quality
摘要
This paper empirically examines the impact of industrial policies on the quality of firms' export products using textual data derived from Chinese local governments' Five‐Year Plans (FYPs). The empirical results demonstrate that key industrial policies significantly contribute to upgrading export product quality, a finding that remains robust across a variety of tests. Given the endogeneity issues, we employ the interaction term of the number of late Qing cabinet ( Neige ) members who were responsible for early industry policy making and industrial capital density as IV, and the instrumented results are consistent with the baseline. Notably, we find that firms with a strong long‐term orientation (LTO) are better able to leverage industrial policies to enhance export quality. Mechanism analysis reveals that industrial policies improve export quality by encouraging innovation and promoting industrial agglomeration. Furthermore, heterogeneity analysis indicates that the positive effect of key industrial policies is more pronounced for private‐owned firms compared to foreign‐owned and state‐owned firms, for ordinary trade relative to processing trade, and in the eastern region compared to the central and western regions.
中文摘要
本文利用中国地方政府五年规划（FYPs）的文本数据，实证考察了产业政策对企业出口产品质量的影响。实证结果表明，重点产业政策显著促进了出口产品质量升级，这一发现在多种检验中均保持稳健。鉴于内生性问题，我们采用清末内阁（Neige）成员中负责早期产业政策制定者的人数与产业资本密度的交互项作为工具变量，工具变量回归结果与基准结果一致。值得注意的是，我们发现具有较强长期导向（LTO）的企业更能利用产业政策提升出口质量。机制分析表明，产业政策通过鼓励创新和促进产业集聚来提升出口质量。此外，异质性分析表明，重点产业政策的正向效应在民营企业中比在外资企业和国有企业中更为显著，在一般贸易中比在加工贸易中更为显著，在东部地区比在中西部地区更为显著。