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Fig 1.

Proportion of industrial output value of the Northeast region in the national total.

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Fig 1 Expand

Fig 2.

Logic graphs.

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Table 1.

Explanation: Impact of tax incentive policies on productivity.

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Table 1 Expand

Fig 3.

PSM kernel density.

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Fig 4.

Post matching effect diagram.

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Table 2.

Descriptive statistics of main variables.

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Table 3.

Basic regression results.

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Table 4.

Excluding policy interference.

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Table 4 Expand

Fig 5.

Parallel trends test.

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Fig 6.

Placebo test.

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Table 5.

Mechanism test for investment scale and efficiency.

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Table 5 Expand

Table 6.

Mechanism test for corporate innovation.

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Table 7.

Heterogeneity analysis.

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Table 7 Expand

Table 8.

Estimation of regional tax incentives on dynamic changes in aggregate productivity.

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Table 8 Expand

Table 9.

Regional tax incentives & “zombie firms”.

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Table 9 Expand

Table 10.

Estimation of regional tax incentives on dynamic changes in aggregate productivity for capital and technology-intensive industries.

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Table 10 Expand