讲座人：朱炯，北大现代农学院

讲座时间：2026年10月28日上午10:30-12:00

讲座地点：北京大学国家发展研究院承泽园校区344教室

讲座题目：Place-Based Policies and Market Integration in Investment: Evidence from a Paired Assistance Program in China

内容简介：This paper studies the private sector's response to place-based policies by investigating the extent to which these policies affect cross-regional flows of private investment. Leveraging the implementation of the Paired Assistance Program in China, which relied on signaling and coordination (rather than fiscal transfers or mandated approaches), we find an increase in the volume of private investment flowing from assisting cities to assisted cities. The underlying mechanism is the reduction of investment frictions, essentially leading to a better business environment. We also find evidence that the program's effects extend beyond the paired cities. To quantify the implications of the inter-regional investment flows, we map our estimates into a spatial equilibrium model with endogenous investment flows. Although we observe only a slight improvement in national welfare due to the program, we find that a better assignment of assisting and assisted city pairs would lead to a welfare gain more than three times larger than that of the actual assignment.

主讲人简介：朱炯，北京大学现代农学院副教授，独著或合著研究发表于AJAE、EER、JCE、JDE、JLE、经济研究、管理世界等，主持国家自科面上、青年项目等，获教育部优秀成果奖二、三等奖等，参与的政策简报获国务院领导批示、中办采纳等。

组织者：

（国家发展研究院 ）李力行、席天扬、王轩、徐化愚、刘诗尧、黄清扬

（经济学院）刘冲、吴群峰、曹光宇、年永威、施新政

（光华管理学院）张晓波、仇心诚