报告人：陈玮，香港中文大学经济系（博士候选人）

时间：2020年12月17日（周四）下午13:30-15:00

地点：线上腾讯会议（会议号：570407466，密码 1217）

主持人：谭娅

报告题目：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.

报告人简介：陈玮，香港中文大学经济系博士候选人，预期2021毕业。本科就读于对外经济贸易大学，国际经济与贸易专业。硕士就读于北京大学汇丰商学院。主要研究方向包括宏观经济学、中国经济、以及国际贸易，并有论文发表在SSCI期刊Brookings Papers in Economic Activity。

报告人主页：http://weichen-econ.com