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| Performance Evaluation of Special Economic Zones in China: From the Perspective of Firm Innovation Capacity |
| WU Yiping, LI Lu
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School of Public Economics & Administration,Shanghai University of Finance and Economics;
Department of Economics,Shanghai Administration Institute |
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Abstract The paper uses China Annual Survey of Industrial Firm to explore the effect of Special Economic Zones(SEZ) on firm innovation after we implement PSM and DID. Our results suggest that SEZ has negative effects on firm innovation. Specially, the possibility of firm innovation in SEZ decreases by 7.14 percent. Furthermore, SEZ has negative effects on larger firms and the firms in the regions with better institutional environment. More important, we find that SEZ does not have spillover effects on innovation in a given region. Our empirical results suggest that it is vital for innovation-driven development model to frame a good institutional environment and transform the SEZ to public innovation platform.
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Received: 09 September 2016
Published: 18 January 2018
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