第592期岭南学术论坛（经济学系列Seminar）

报告题目：Military Investment and the Rise of Industrial Clusters: Evidence from China's First Industrial Policy, 1858-1937

报  告 人：薄诗雨（暨南大学经济与社会研究院 副教授）

主  持 人：杭静（中山大学岭南学院 助理教授）

时       间：2021年11月19日（周五）16:00-18:30

地       点：MBA楼201

摘要：

This paper studies the short- and long-term impact of large-scale military investment on civilian industrial growth by focusing on China's first industry-promotion policy initiated in the 1860s. Panel data from 1858 to 1937 suggest that the program generated positive effect on civilian firm entry, but the effect appeared only after the government relaxed constraints on the entry of private firms. Long-run analysis shows that counties with more military investment under the program, driven by plausibly exogenous ex ante political connections, had greater output in civilian industries in the 1930s, while the effect was localized without geographic spillover. The impact was mainly through input-output linkage and rise of modern banks instead of human capital and institutions. Further cost-benefit analysis suggests the program was not the most effective way to make the investment.

报告人简介：

薄诗雨，暨南大学经济与社会研究院（IESR）副教授。2011年于北京大学获得经济学学士学位，2016年于英国伦敦政治经济学院获得经济学博士学位。主要研究领域包括城市与区域经济学、发展经济学等领域。研究成果发表于Journal of Urban Economics、Journal of Comparative Economics、Journal of Economic Behavior & Organization等国际权威期刊。主持国家自然科学基金青年项目等多项课题。

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