Industrial policies affect local and even national economic development by influencing the redistribution of factor resources. As an immovable special element, the distribution process of land is directly interfered by the government. Based on this, we take the industrial business data and...

Using a comprehensive dataset of all medium and large enterprises in China between 2001 and 2007, we show that industrial policies plays contradictory role in China's economic growth: it significantly improve productivity at firm level, but has no significant or even negative effect on...