Tuesday seminar: Zijung Cheng
Owning More of the Chain: Capital Subsidies and Firm-Level Upstream Shifts in China This paper examines the causal effect of China’s capital-goods import subsidy on firms’ production organization from a global value chain perspective. Implemented through the Catalogue for the Guidance of Importing Technologies and Products, the policy subsidized high-tech equipment to promote industrial upgrading and deeper GVC […]