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Research On The Effect Of Local Government To Promote Industrial Policy Under The Decentralized Governance

Posted on:2018-11-13Degree:MasterType:Thesis
Country:ChinaCandidate:N F BaoFull Text:PDF
GTID:2336330512466141Subject:Industrial Economics
Abstract/Summary:PDF Full Text Request
Since the emergence of industrial policy,the debate on its effectiveness has not stopped,the recent debate between well-known economist Lin Yifu and Zhang Weiying is fiery.China under the new normal in order to find the new point of economic growth is to vigorously carry out the transformation and upgrading of the industry,then does our country to promote industrial upgrading achieve the desired goal? Manufacturing is the mainstay of China's economic growth.However,there are many problems,the role of the government should be ready to make up for the market failures,the shortcomings of industrial policy should focus on how effective to overcome government failure,rather than whether the implementation of industrial policy.The backward advantage of resource endowment is the key motive force that the industrial policy can promote the upgrading of structure,the government that should make the industrial policy to promote that must reflect the forward-looking and guiding nature of the policy.The research on the results of local government to promote industrial policy is actually based on the task-selection model under the principal-agent relationship in our country's specific institutional system.China's central government at all levels is given a certain degree of autonomy to intervene in the economy and participate in market transactions,and the central government as the principal for the local government as the agent to implement industrial policy more practical results,the local government as a pursuit of their own interests of the micro-subject,will be based on how to maximize the interests of the formulation and implementation of local industrial policy,so whether the goals of the principal and the agent are the same or not,the local government and the enterprises and local government interests constraints jointly determine the effect of China's industrial policy implementation.Under the circumstances of specific decentralized governance,considering the promotion of an industrial policy,the central government as the mandate of the task,to develop the overall industrial policy,the local government as an agent,as a micro-subject,the implementation of specific industrial policies,the result of the industrial policy is the transformation and upgrading or to stimulate the economy,the relating to the behavioral incentives and constraints that agents face.The author tries to find out the relationship among the three parts,and further joining the constraint of regional difference and market difference,construct a simultaneous equation of three equations and endogenous industrial policy.This paper selects the manufacturing industry to carry on the empirical analysis,and then puts forward the policy suggestion which can enhance the validity of our country's industrial policy.The conclusions of this paper are as follows:(1)Most of the industrial policy is promoted by the local government to implement the policy of the specific agent responsible for the implementation of its policy guidance and preference is determined by its own interests constitute the situation.The implementation of industrial policy when the choice of behavior is biased in favor of short-term stimulating the economy or to promote the two different tasks and the cost of the two cost factors c1,c2,? and the risk factors ?12,?22.(2)Under the central government's established assessment objectives,the cost constraints are different,the local government efforts to different tasks will therefore showing a different,leading to different effects of industrial policy implementation.(3)Empirical analysis found that with the change of the focus of the mandate of the task assessment,local governments as the agent in the short-term stimulate the economy and promote the upgrading of industrial structure between the two tasks did change the degree of efforts,the principal pay more attention to the transformation and upgrading of enterprises,when asked,the local government would rather to put energy into this one,so that the implementation of industrial policy effect closer to the initial intent.(4)The degree of marketization and the improvement of regional economic development are conducive to the implementation of the local government to promote the upgrading.
Keywords/Search Tags:industrial policy implementation effect, transformation and upgrading, local government behavior
PDF Full Text Request
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