Reforms and Productivity Dynamics in Chinese State-Owned Enterprises

Arbeitspapier

Institutional change has taken place gradually since 1978 for State-Owned Enterprises (SOEs) in the Industrial Sector of China. In this paper we estimate the effect of deep reform (the right to hire and fire labour, buy and sell capital and operate on international markets) on the productivity dynamics of enterprises. Using a unique balanced panel of 681 SOEs for the period 1980 to 1994, we find consistent production function estimates using an algorithm put forward in Olley and Pakes (1996), which corrects for simultaneity bias. Furthermore, we allow selection to reform to be endogenous, and correct for this selection bias by formulating an entry rule to reform similar to the Olley and Pakes (1996) exit rule. We show that exposure to deep reform have lead to higher productivity realisations while remaining under state ownership.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: IZA Discussion Papers ; No. 1201

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity ; Production and Organizations: General ; Socialist Systems and Transitional Economies: Performance and Prospects ; Socialist Systems and Transitional Economies: General
• Thema: selection to reform ; simultaneity ; production functions ; productivity ; Chinese Industrial State-Owned Enterprises ; Öffentliches Unternehmen ; Deregulierung ; Reform ; Produktivität ; Schätzung ; China

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): McGoldrick, Peter ; Walsh, Patrick Paul
• Ereignis: Veröffentlichung
• (wer): Institute for the Study of Labor (IZA)
• (wo): Bonn
• (wann): 2004

Weitere Informationen

• Handle: http://hdl.handle.net/10419/20454
• Letzte Aktualisierung: 10.03.2025, 11:43 MEZ