特殊经济区升格、外商直接投资与比较优势

The Upgrading of Special Economic Zones, FDI and Comparative Advantage

中文关键词:  特殊经济区  特殊经济区升格  外商直接投资(FDI)  比较优势  出口  融资约束  双重差分

英文关键词:special economic zone (SEZ)  upgrading of special economic zone  foreign direct investment (FDI)  comparative advantage  export  financial constraint  difference-in-differences

中文摘要:

      省级开发区升格为国家级开发区是近年来中国特殊经济区政策的重要趋势之一。通过创造更有利的营商环境和优惠政策,升格后的开发区能够吸引更多的投资尤其是外商直接投资,进而提升地区的比较优势。基于中国工业企业数据,使用双重差分的方法考察了开发区升格对企业出口的影响。研究结果显示,开发区升格能够显著促进区内企业的出口总量和出口倾向。进一步的研究表明,这种促进作用主要是通过吸引外资企业从而克服外部融资约束实现的。 

英文摘要:

      The mass upgrading of provincial special economic zones (SEZ) to national SEZs is one of the trends about China's place-based policy in recent years. With better business environment and more preferential policies, the upgraded SEZs can attract more investments, especially foreign direct investment (FDI), and then promote the regional comparative advantage. Based on the data of China's industrial enterprises, we explore empirically the impact of SEZs' upgrading on firm's export with the Difference-in-Differences (DID) Strategy. The study reveals that the SEZs' upgrading can promote both the total export volume and the export propensity of firms within the region. Further study confirms that this promoting effect has been realized mainly by attracting FDI, which can overcome the external financial constraints. 