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| The Diffusion of Strategic Emerging Industrial Policy from the Perspective of Local Capability:a Case Study of the Advanced Material Policy of 31 Provinces |
| Wang Chang,Zhou Yazhou,Geng Hongjun |
| (School of Business,Central South University,Changsha 410083,China) |
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Abstract The identification of the driving factors behind the industrial policy diffusion can provide theoretical guidance for the government to make policy scientifically and choose industry correctly.Local capacity has an important impact on the diffusion of strategic emerging industrial policy.Taking the diffusion process of advanced material policy in 31 provinces from 2005 to 2018 as a case study to analyze the diffusion mechanism of provincial strategic emerging industry policy.This study found that local capacity can affect the policy diffusion of strategic emerging industries at provincial level,among which resource endowment,industrial strength,knowledge and skills have positive effects on policy diffusion,while institutional environment has negative effects on policy diffusion.The central government should avoid the waste of resources caused by the mandatory implementation of industrial policy,and local governments should develop strategic emerging industries in accordance with local conditions and continue to enhance local capacity building.
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Received: 22 October 2020
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