Download or read book A Study on the Productivity and Efficiency Effects of Enterprise Reforms in China written by Song Gao and published by . This book was released on 2009 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation studies the progress and impacts of State-Owned Enterprises (SOEs) reforms in China. The primary interests center on impacts of non-ownership-change reforms and privatization on Chinese SOEs' productivity and efficiency. The research comprises of three major sections. Section one briefly reviews the history of SOEs' reform in China and examines the changes in some selected performance indicators with help of a comprehensive dataset on 863 Chinese firms from 1995 to 2001. In addition, causes of Chinese SOEs' privatization and determinants of firms' inefficiency are also studied. Section two examines the effects of privatization and non-ownership-change reforms on firms' productivity in China. As one of the most prominent empirical challenges in China privatization studies, the endogeneity problems are addressed with a first-difference instrumental variable GMM estimation. The estimation results show that privatization does not improve firms' productivity immediately. Instead, its effects become significantly positive in the year after conversion. In addition, partial privatization fails to lead to improved efficiency whereas insider privatization boosts firms' productivity shortly after the first year of privatization but the effects quickly fade after two years of privatization. Lastly, all non-ownership-change reforms, except leasing, are proved to be ineffective even when issues like social burdens, worker redundancy, management incentives and soft-budget constraint are tackled before the restructuring. To shed light on impacts of privatization on firms' technical efficiency, Section three proposes a two-step stochastic frontier model. The first step addresses the endogeneity issue by estimating the probability of privatization with a random effects probit model. The second step estimation investigates the causes of Chinese manufacturing's inefficiency with a random-effects stochastic frontier model. The estimation results suggest that privatization, hardening budget constraint and reducing firms' social obligations have significantly contributed to the improvements of firms' efficiency. However, no evidence is found that more autonomy for managers and lower debt asset ratio may help improve firms' efficiency.
Download or read book Productive Performance of Chinese Enterprises written by Y. Wu and published by Springer. This book was released on 1996-04-15 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: `The book is an excellent example of the application of modern econometric techniques to Chinese data, some of which was especially collected for the research. The results throw new light on aspects of industrial sector reform in China. The book deserves wide attention from those interested in the economic reforms in China, especially those interested in the implications of the reforms for industrial sector efficiency and productivity growth.' - Christopher Findlay, University of Adelaide As the rural township, village and private enterprises are becoming more and more significant in the Chinese economy, this book focuses on the comparison of the rural (non-state) and state firms in terms of performance. The analysis is based on the empirical results from estimating various production functions applied to cross-section and panel data. Both aggregate and firm-specific efficiencies are examined in the case studies, exploring potential sources of efficiency differentials such as ownership, scale, factor intensity, location and economic reforms. Special attention is also paid to the regional comparison of industrial development and performance. The implications of the findings in the book for economic and reform policy are thus highlighted.
Download or read book Resource Misallocation Among Listed Firms in China The Evolving Role of State Owned Enterprises written by Ms. Emilia M Jurzyk and published by International Monetary Fund. This book was released on 2021-03-12 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: We document that publicly listed Chinese state-owned enterprises (SOEs) are less productive and profitable than publicly listed firms in which the state has no ownership stake. In particular, Chinese listed SOEs are more capital intensive and have a lower average product of capital than non-SOEs. These productivity differences increased between 2002 and 2009, and remain sizeable in 2019. Using a heterogeneous firm model of resource misallocation, we find that there are large potential productivity gains from reforms which could equalize the marginal products of listed SOEs and listed non-SOEs.
Download or read book A Comparative Study of Productivity and Efficiency Among State owned Private and Foreign funded Enterprises in China written by and published by . This book was released on 2003 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: (Uncorrected OCR) Abstract of thesis entitled "A Comparative Study of Productivity and Efficiency among State-owned, Private and Foreign-funded Enterprises in China" Submitted by Tang Yuen Wai, Livia for the Master of Arts in China Area Studies at the University of Hong Kong in June 2003 Abstract: China's economy and its industries have been in a state of continuous transition since 1980. Three types of enterprise have been chosen for this study, to compare their productivity and efficiency. All three have played significant roles throughout the period of China's economic development. The investing environment in China, which attracts numerous investors from both the local and worldwide scenes, has been changing rapidly. The state sector has undergone reforms and privatizations aimed at correcting the problems oflow performance and loss making situations. At the same time, the private sector has undergone rapid change due to the transformation of the Chinese market. In addition, the emergence of foreign funded enterprises in China has facilitated domestic economic growth. This study discusses the path which each of the three selected types of enterprise will follow, including the problems they will face. It uses three sets of economic indicators to compare the three types of enterprise: fundamental value, industrial performance and productivity & efficiency. Through the comparisons, we find that state-owned enterprises obtain the lowest level of productivity and efficiency while foreign- funded enterprises ha ve the highest. It is suggested that the results are significant for the government in its aim of providing a stable political as well as investment environment so as to achieve the greatest possible development during China's transition to a modem market ecommy.
Download or read book Enterprise Reform in China written by Gary H. Jefferson and published by World Bank Publications. This book was released on 1999 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book seeks to document the impact of economic reforms on China's industrial sector and to explain why China's reforms have had such wide-reaching effects. The volume contains 11 coordinated studies that document and analyze changes in the governance and performance of China's industrial enterprises. Chapter 1 presents an overview of the structure of China's industrial enterprises. Chapter 2 extracts key aspects of the survey data to describe, compare, and contrast the systems of governance of key ownership types. Chapter 3 describes the special features of China's economic and institutional structure that create a kind of dynamic endogenous reform process, "an industrial innovation ladder." The ladder has two interactive dimensions. The first is technical innovation, modeled and empirically tested in chapter 4. The second is institutional change, or enterprise reform, viewed in chapter 5 as arising from both conditions within the industrial system and the efforts of central reformers. Chapters 6 and 7 assess the performance of Chinese industry. Chapters 8 through 11 present formal models and technical econometric work. Each of these chapters seeks to examine the behavior of one or more samples of enterprises with respect to a particular enterprise function.
Download or read book Productivity Efficiency and Reform in China s Economy written by Kai Yuen Tsui and published by . This book was released on 1995 with total page 456 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Productivity Performance and Priorities for the Reform of China s State owned Enterprises written by Frances Perkins and published by Research School of Pacific Studies Australian National Univ. This book was released on 1995 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: First of the East Asia stream in the'Economics Division Working Papers'series in Pacific and Asian studies. Reports on the productivity, performance and priorities for the reform of China's state-owned enterprises. The report is the result of a 1993 survey of 300 state-owned, collective and foreign-funded enterprises in three of China's coastal provinces. Includes charts, diagrams and a list of references.
Download or read book State owned Enterprise Reform in China written by Justin Yifu Lin and published by Chinese University Press. This book was released on 2001 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work is a continuation of the authors' earlier publication, "The China Miracle: Development Strategy and Economic Reform". The authors review the historical evolution of the state-owned enterprises, analyze the current problems, and suggest the direction for future reforms.
Download or read book China s Productivity Convergence and Growth Potential A Stocktaking and Sectoral Approach written by Min Zhu and published by International Monetary Fund. This book was released on 2019-11-27 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: China’s growth potential has become a hotly debated topic as the economy has reached an income level susceptible to the “middle-income trap” and financial vulnerabilities are mounting after years of rapid credit expansion. However, the existing literature has largely focused on macro level aggregates, which are ill suited to understanding China’s significant structural transformation and its impact on economic growth. To fill the gap, this paper takes a deep dive into China’s convergence progress in 38 industrial sectors and 11 services sectors, examines past sectoral transitions, and predicts future shifts. We find that China’s productivity convergence remains at an early stage, with the industrial sector more advanced than services. Large variations exist among subsectors, with high-tech industrial sectors, in particular the ICT sector, lagging low-tech sectors. Going forward, ample room remains for further convergence, but the shrinking distance to the frontier, the structural shift from industry to services, and demographic changes will put sustained downward pressure on growth, which could slow to 5 percent by 2025 and 4 percent by 2030. Digitalization, SOE reform, and services sector opening up could be three major forces boosting future growth, while the risks of a financial crisis and a reversal in global integration in trade and technology could slow the pace of convergence.
Download or read book The Impact of Economic Reform on Productivity Growth in Chinese Industry written by Frances Perkins and published by . This book was released on 1991 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: TChina Paper 91/6' from the Economics Division of the Research School of Pacific Studies, ANU, this paper examines economic reform on productivity growth in Chinese industry. It assesses the impact of the special trade reform policies through case studies of Xiamen and Shanghai.
Download or read book Industrial Reforms and Macroeconomic Instabilty in China written by Yak-yeow Kueh and published by Clarendon Press. This book was released on 1999-02-11 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt: Is the battle against inflation in China now over? Can Zhu Rongji, the economic guru turned Chinese premier who has successfully reduced the skyrocketing inflation of the mid-1990s to a near zero level, while yet maintaining high economic growth through the new millennium, relax? These are the key questions raised by China's current economic transition towards a market-based system, and they both revolve around the institutional economics that is the focus of this volume. Dealing specifically with the giant state-owned enterprises (SOEs), Industrial Reform and Macroeconomic Instability in China unravels the intriguing dynamics between industrial deregulation and inflation, in the context of China's continuous search for sustained, stable economic growth without runaway inflation. This book is unique among western studies: it addresses the very core, but to date least reformed sector of the Chinese economy. SOEs have monopolized key industrial supplies, commanded the bulk of national investment, disctated much of the nation's credit and finance, and have been the single most important source of state budget revenue. Continually faced with enormous internal wage pressures, all attempts at marketization and price liberalization are inherently inflationary. Based upon an independently, specifically designed set of questionnaires administered to 300 large and medium-scale state industrial enterprises in six major industrial cities, this book provides an in-depth analysis of the first decade of the reforms of the 1980s. The findings are formulated as pointers for understanding the macroeconomic vicissitudes that occurred after the launching of the campaign to create a 'socialist market economy' in the early 1990s. This book will be of use to China analysts, students, and businessmen who are interested in learning about the progress made, the remaining obstacles that the state-owned enterprises face, and their inevitable impact on China's economic growth and stability.
Download or read book The Impact of Economic Reform on Technical Efficiency written by Peter Drysdale and published by . This book was released on 1995 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Everyday Impact of Economic Reform in China written by Ying Zhu and published by Routledge. This book was released on 2010-05-11 with total page 341 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the past 30 years, China has undergone extensive economic reform, replacing the government’s administration of enterprises with increasing levels of market-oriented enterprise autonomy. At the heart of the reform are changes in the employment relationship, where state control has been superceded by market relationships. These reforms have had far-reaching implications for many aspects of everyday life in Chinese society. This book appraises the impact of the economic reforms on the employment relationship and, in turn, examines the effects on individual workers and their families, including salaries, working conditions and satisfaction, job security and disparities based on location, gender, age, skill, position and migrant status. In particular, it focuses on how changes in the employment relationship have affected the livelihood strategies of households. It explores the changing human resource management practices and employment relations in different types of enterprises: including State-Owned Enterprises, Foreign-Owned Enterprises and Domestic Private Enterprises; throughout different industries, focusing especially on textiles, clothing and footwear and the electronics industry; and in different regions and cities within China (Beijing, Haerbin, Lanzhou, Hangzhou, Wuhan and Kunming). Overall, this book provides a detailed account of the everyday implications of economic reform for individuals and families in China.
Download or read book The Measurement of Efficiency written by Yanrui Wu and published by . This book was released on 1993 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Productivity Effects of Decentralized Reforms written by Lixin Colin Xu and published by World Bank Publications. This book was released on 1997 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economic Reform and the Efficiency of Chinese State Enterprises written by Shiji Zhao and published by . This book was released on 1994 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Productivity Growth Technological Progress and Technical Efficiency Change in China written by Yanrui Wu and published by . This book was released on 1994 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
