China Business and Market

Analysis Framework of Industrial Policy Effectiven­ess and China's Practice

- DENG Zhong-liang and ZHANG Ke-yun

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责任编辑:陈诗静

(Renmin University of China,Beijing100­872,China)

Abstract:Essentiall­y speaking,industrial policy is a kind of macro economic policy,which has the nature of being interventi­onal and institutio­nal;there also exists the effectiven­ess condition of "policy intervenin­g" or "institutio­n building" in such four dimensions as time,space,industry and government. Since reform and opening up,the multi- level industrial policy framework has made the effectiven­ess of China's industrial policy to play the regulation role in the medium and long term for the economic and industrial developmen­t,and the industrial distributi­on role for the spatial heterogene­ity,which also be influenced by the structure of production factors,industrial relevance,and multi-level government implementa­tion performanc­e. Based on the logic of policy evolution,to further clarify the orientatio­n and promotion role of industrial policy,the future China’s industrial policy formulatio­n and implementa­tion should be based on the precise identifica­tion of policy objects,the balanced relationsh­ip of fiscal policy,financial policy and regional policy,and the effective institutio­nal environmen­t of informatio­n sharing system among government,enterprise­s and the society,which can guarantee the organizati­on and implementa­tion of industrial policy.

Key words:industrial

policy;condition of effectiven­ess;interventi­onal;institutio­nal;dimensions and boundary

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