中文摘要：

本文选取了经济开发区的主导产业选择这一独特研究视角，考察了主导产业雷同性对企业产能利用率的重要影响。通过对中国2000—2006年新通过的1459项主导产业样本研究表明，单纯的主导产业选择并不必然导致产能过剩，来自同一行政辖区内部的主导产业高度相似是企业产能利用率下降的关键原因。主导产业选择对产能过剩的影响主要发生于增长竞争压力更为激烈的东部沿海省份，同时主导产业对国有企业产能利用率具有更为显著的影响。对主导产业挑选传导机制的研究表明，企业在主导产业引导下会新增投资与扩张产出，但并未出现生产率的改进以及新产品销售的增加。本文研究有助于客观评估中国地方政府过度竞争行为对产能过剩形成的重要影响。

英文摘要：

The widespread overcapacity problem in China is not only related to firms＇ production decisions, but also closely linked with industrial policies driven by the local growth tournament. We empirically examine how the similarity of leading industrial policies affects firms＇ capacity utilization among Special Economic Zones from the perspective of local growth competitions. We collect 1459 samples of leading industries during 2000 and 2006, and our estimation shows that leading industry policies themselves do not necessarily lead to production overeapaeity. However, a higher degree of industrial similarity does cause firms＇ capacity utilization to deteriorate. Such effect on capacity utilization is more significant in eastern coastal provinces, in industries with more intense growth competitions, and in SOEs closely depending on industri- al policies. The mechanism analysis shows that leading industrial policies promote firms to increase their investment and output, but not the improvement of their productivity and the sale of new products. In conclusion, our study demonstrates that local growth competition and leading industrial policies do play an important role in the overcapacity problem in China.