Domestically “Flying Geese”: Regional Manufacturing Investment Flows within China
基于企业注册数据，研究2000-2015年中国城市间制造业投资流动，发现沿海地区在2006年前是主要目的地，之后内陆地区吸引更多投资，工资差距是驱动产业从沿海向内陆转移的主因。
Abstract This paper examines the evolving patterns of bilateral city-to-city manufacturing investment flows from 2000 to 2015 in China, which are aggregated from detailed firm-level investment transactions based on the administrative business registration database. The coastal regions were a more favorable destination for manufacturing investment prior to 2006 despite their higher wage levels. Since then, the trend has reversed, that is, the inland regions have attracted a growing share of manufacturing investment. The pattern is more pronounced for labor-intensive manufacturing industries. The wage gap between coastal and inland cities is the main driver behind the giant “flying geese”—the relocation of manufacturing firms from coastal to inland areas.