ABSTRACT

By taking firm heterogeneity in productivity into account in a monopolistic competition market in a general-equilibrium model setting, this paper investigates whether a stricter local content requirements (LCRs) can increase both productivity and production in the domestic intermediate-goods industry. The result shows that stricter LCRs policy cannot simultaneously increase both. The initial level of LCRs plays an important role in policy effectiveness. If it is below a critical level, a stricter LCRs can increase production but decrease productivity; however, production decreases but productivity increases if the initial LCRs are higher than the critical level.

摘要

通过在一般均衡模型设置下考虑垄断竞争市场中企业的生产率异质性，本文研究了更严格的本地含量要求（LCR）是否可以提高国内中间产品行业的生产率和产量。结果表明，更严格的LCR策略不能同时增加两者。LCR的初始水平在政策有效性中起着重要作用。如果低于临界水平，则更严格的LCR可以提高产量，但会降低生产率。但是，如果初始LCR高于临界水平，则产量会下降，但生产率会提高。