【财政学文献研讨会】第三十一期


2017-12-06 08:37:27 来源:中国人民大学    点击:72

论文题目: Trade Integration, Market Size, and Industrialization: Evidence from China’s National Trunk Highway System (Faber B. Review of Economic Studies, 2014)
时 间:2017年12月5日 星期二 12:00 – 13:30
地 点:明德主楼610
主 讲:余龙 中国人民大学2016级财政学博士生

摘要: Large-scale transport infrastructure investments connect both large metropolitan centres of production as well as small peripheral regions. Are the resulting trade cost reductions a force for the diffusion of industrial and total economic activity to peripheral regions, or do they reinforce the concentration of production in space? This article exploits China’s National Trunk Highway System as a large-scale natural experiment to contribute to our understanding of this question. The network was designed to connect provincial capitals and cities with an urban population above 500,000. As a side effect, a large number of small peripheral counties were connected to large metropolitan agglomerations. To address non-random route placements on the way between targeted city nodes, I propose an instrumental variable strategy based on the construction of least cost path spanning tree networks. The estimation results suggest that network connections have led to a reduction in GDP growth among non-targeted peripheral counties. This effect appears to be driven by a significant reduction in industrial output growth. Additional results present evidence in support of a trade-based channel in the light of falling trade costs between peripheral and metropolitan regions.
主持人:刘晓路 副教授
财政学文献研讨会是由中国人民大学财政金融学院财政系主办,由财政系在读研究生剖析财政学经典或前沿文献,并对财政领域热点问题形成理论思考和系统看法。研讨会主题主要包括:政府行为、财政体制、税收体制及宏观经济等。
联系人:刘潘 email:sfworkshop@163.com


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