報告主題：Understanding Domestic Capital Flows in China: The Interplay between Market Friction and Government Distortion

報告時間：6月8日（周二）13:30-

報告地點：延安路校區旭日樓306教室

報告人：唐為  副教授

報告簡介：Domestic factor market integration has been a policy priority in China’s recent economic reform. This paper documents some basic patterns of China’s domestic capital flow and examines major forces underlying these patterns. Specifically, we evaluate how China’s improvement in interregional transport network affect location choice of firm’s investment, and investigate whether this effect is determined by inter-jurisdictional borders. Based on a comprehensive dataset of transport network and investment information of listed companies in China, we find that improved transport connectivity across regions significantly facilitates the investment flows between cities, but the positive effect is mostly driven by city pairs within the same province. These findings indicate that transport connectivity does not necessarily facilitate national market integration. Rather, there is strong interactive effect between transport integration and administrative barriers. In this respect, central government should reduce market frictions and administrative barriers simultaneously in seeking domestic market integration.

報告人簡介：唐為，上海财經大學公共經濟與管理學院财政系副教授，博士生導師。研究方向為公共經濟學、城市經濟學，在《經濟研究》、《經濟學（季刊）》、Economics of Transition, Journal of Real Estate Finance and Economics, Papers in Regional Science等中英文期刊發表論文多篇。主持國家自然科學基金、教育部人文社科基金等多項課題。