Paired assistance is an important means for developed regions to help lessdeveloped regions achieve common prosperity.Despite its advantages,governmentmandated paired assistance tends to be less effective due to the l...Paired assistance is an important means for developed regions to help lessdeveloped regions achieve common prosperity.Despite its advantages,governmentmandated paired assistance tends to be less effective due to the lack of economic incentives for assisting localities.Therefore,local governments in China have explored an incentivecompatible paired assistance model.Based on the paired assistance between cities in the Pearl River Delta(PRD)region and the eastern,western and northern parts of Guangdong Province,this study designed a natural experiment for the network relationship of paired assistance.Empirical results based on industrial and commercial registration data and land transfer data indicate that paired assistance has enhanced bilateral investment linkages,and that the inter-regional benefit sharing mechanism has incentivized assisting localities to provide paired assistance.Our heterogeneity analysis reveals that a shorter distance between assisting and beneficiary localities may lead to better results of paired assistance.This study contributes to the understanding of incentive mechanisms for local government cooperation and offers insights for balancing regional development and achieving common prosperity.展开更多
基金supported by the National Natural Science Fund of China(NSFC)under the project“Civil Rights,Collective Welfare and Local Finance:A Natural Experiment of the Real Estate Market”(Grant No.71973080).
文摘Paired assistance is an important means for developed regions to help lessdeveloped regions achieve common prosperity.Despite its advantages,governmentmandated paired assistance tends to be less effective due to the lack of economic incentives for assisting localities.Therefore,local governments in China have explored an incentivecompatible paired assistance model.Based on the paired assistance between cities in the Pearl River Delta(PRD)region and the eastern,western and northern parts of Guangdong Province,this study designed a natural experiment for the network relationship of paired assistance.Empirical results based on industrial and commercial registration data and land transfer data indicate that paired assistance has enhanced bilateral investment linkages,and that the inter-regional benefit sharing mechanism has incentivized assisting localities to provide paired assistance.Our heterogeneity analysis reveals that a shorter distance between assisting and beneficiary localities may lead to better results of paired assistance.This study contributes to the understanding of incentive mechanisms for local government cooperation and offers insights for balancing regional development and achieving common prosperity.
