Using the mass closure of development zones in 2004 as a natural experiment, we examine the causal effect of … development zones on firm level TFP in China. The difference-in-difference estimator shows that on average, loss of development … three major seaports in China, closure of zones reduced firm-level TFP by 9.62%, whereas closure of zones farther away did …

study shows that in China, the combined contribution of the three components capturing reallocation amounts to almost half … specifically, the data suggest that private firms, firms situated in the eastern region of China and firms from high …