報告人：陳瑋，香港中文大學經濟系（博士候選人）
時間：2020年12月17日（周四）下午13:30-15:00
地點：線上騰訊會議（會議號：570407466，密碼 1217）
主持人：譚婭
報告題目：Decentralized Industrial Policy
摘要：Many industrial policies were enacted by local governments. Decentralizing government intervention can undermine industrial policies if the local and aggregate welfares are mis- aligned. In this paper, we extend the closed-economy analysis in Liu (2019) to a multi-region setting with inter-regional trade and input-output linkages. We derive sufficient statistics for the regional and aggregate welfare impacts of industrial policy. Using China’s cross-province input-output table, we show there is significant divergence between the incentives of the central and a provincial government: while the nation may benefit from promoting upstream sectors, regional economies benefit from 「import substitution」 policies that improve terms-of-trade but may harm the nation. Our central and local sufficient statistics predict policies enacted by the respective governments. The predictive power for local industrial policies improves in the regions with more fiscal autonomy. Adopting industrial policies aligned with central sufficient statistics can double the aggregate welfare gain by industrial policies aligned with local sufficient statistics.
報告人簡介：陳瑋，香港中文大學經濟系博士候選人，預期2021畢業。本科就讀於對外經濟貿易大學，國際經濟與貿易專業。碩士就讀於北京大學滙豐商學院。主要研究方向包括宏觀經濟學、中國經濟、以及國際貿易，並有論文發表在SSCI期刊Brookings Papers in Economic Activity。
報告人主頁：http://weichen-econ.com
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