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Record W4415538551 · doi:10.3934/qfe.2025028

Does policy finance promote domestic industrial gradient relocation? Evidence from China

2025· article· W4415538551 on OpenAlexaff
Kang Zeng, Liangqing Luo, Hanqing Li

Bibliographic record

VenueQuantitative Finance and Economics · 2025
Typearticle
Language
FieldEconomics, Econometrics and Finance
TopicEconomic Growth and Productivity
Canadian institutionsUniversity of Calgary
Fundersnot available
KeywordsChinaIndustrial policyPanel dataManufacturingAccess to financeIndustrial production

Abstract

fetched live from OpenAlex

This study innovatively investigated whether policy finance can facilitate domestic industrial gradient relocation. Building on a theoretical framework and the formulation of research hypotheses, we utilized panel data from China's manufacturing industry across 30 provinces (2014–2023) to empirically examine both the direct effects and indirect mechanisms of policy finance on domestic industrial gradient relocation, while also conducting an analysis of industry heterogeneity. The results indicated that policy finance significantly promotes domestic industrial gradient relocation, a conclusion that holds robustly across multiple tests. Potential mechanisms through which policy finance exerts this effect include fostering industrial transformation, upgrading in high-gradient regions, and lowering business costs in low-gradient regions. Moreover, the impact of policy finance is markedly stronger in labor-intensive and capital-intensive industries compared with technology-intensive industries.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame machine prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.

metaresearch head score (Codex)0.001
metaresearch head score (Gemma)0.003
Version: metacan-v3-hybrid-931329e0061cValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Observational · Consensus signal: Observational
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.062
Threshold uncertainty score0.124

Distilled classifier scores by category (both heads)

CategoryCodexGemma
Metaresearch0.0010.003
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0010.001
Science and technology studies0.0010.001
Scholarly communication0.0010.001
Open science0.0000.001
Research integrity0.0000.000
Insufficient payload (model declined to judge)0.0040.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.050
GPT teacher head0.281
Teacher spread0.231 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designObservational
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations0
Published2025
Admission routes1
Has abstractyes

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