The Empirical Analysis Of Industrial Policy Impacts On Industry Development

Industrial policy is an important means to guide, protect and promote the healthy development of the industry. Since the reform and opening up, according to the needs of economic and social development, learning from the successful experience of developed countries, we formulated and promulgated a series of industrial policies. It has played an important role in industrial structure, correcting deficiencies market mechanism, improving the quality of economic growth. At a critical stage of reform and development, whether Industrial policy is effective in promoting the optimization and upgrading of industrial structure or not is a key empirical question in the field of industrial economy.This paper analyzed the industrial policy information of national and Liaoning Province during the period of the Eleventh Five Year Plan, respectively, from both national and local two angles empirical focus on the impact of industrial policy on the industrial structure. Select the 21 categories of manufacturing industry in fixed assets, import and export, the number of employees as independent variables and industrial policies, industrial production value as the dependent variable, the establishment of the panel model, based on F statistics and Hausman mixed inspection regression fixed effects regression, random effects regression model selection, focuses on significant coefficient of the dummy variable coefficients of industrial policy as well as other independent variables. Second To test the effect of national and local level results, this paper choose the automobile industry as a single object of study, will be issued "Automobile Industry Development Policy" in 2004 as the time from 1991 to 2012 breaking point, two periods of time with the use of virtual cointegration equation variables studied, focusing on analysis of significant interaction term coefficients of time dummies and other independent variables.We get the following conclusion:the state can promote industrial restructuring by formulating industrial policy, improving fixed assets, employment, import and export, provide reference for "adjusting structure, promoting transformation". Local governments will adopt policies according to their own local conditions of economic development levels and conditions, the majority of local government policies on the state’s key industry is a formal response, but then be able to stimulate regional economic industries and key support. Clearly, the industrial policies different from national planning are more in line with local conditions, local government information is more complete extent of such industries; Through comparing the situation before and after "Automobile Industry Development Policy", policy on the development of automobile industry has played a catalytic role. furthermore, national and local government can make industrial policies to change industrial structure.