FDI Spillovers and Industrial Policy: The Role of Tariffs and Tax Holidays
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This paper previously circulated as "Do Institutions Matter for FDI Spillovers? The Implications of China's 'Special Characteristics'." The authors gratefully acknowledge suggestions by the editor and two anonymous referees, who have significantly improved this paper. We are also grateful to the conference organizers at Fudan University, including the contributions of Peter Petri. We would also like to thank Justin Lin, Max Auffhammer, and Jeremy Magruder for their valuable comments, as well as seminar participants at Yale University, the Wharton Management Department at the University of Pennsylvania, and the World Bank. This work is partially based on work supported by the National Science Foundation under grant No. 0519902, and through a grant from the Research Support Budget of the World Bank. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.