Title: Transition of Industrial Policy in the Period of Medium Speed Growth: Take China's Equipment Manufacturing Industry as an Example
Abstract: Since China's economy entered the phase of medium speed growth,how to effectively accelerate upgrading industrial structure has become more urgent. In this paper,we take China's equipment manufacturing industry as an example and rethink the existing industrial policies after analyzing the effects of policies. For the type of industrial support policy for key breakthrough,there is little room for its policy instruments to expand further. And if the government further increases the policy efforts,the effect will be restricted by corporate behaviors. Therefore,it is necessary to weaken this kind of industrial policy for major support gradually and shift the policy emphasis to constructing external institutional environment that can affect corporate behaviors.
Publication Year: 2014
Publication Date: 2014-01-01
Language: en
Type: article
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