Reforms and Productivity Dynamics in Chinese State-Owned Enterprises

Please use this identifier to cite or link to this item: http://dspace.mediu.edu.my:8181/xmlui/handle/10419/20454

Title:	Reforms and Productivity Dynamics in Chinese State-Owned Enterprises
Keywords:	D24 D20 P27 P20 ddc:330 selection to reform simultaneity production functions productivity Chinese Industrial State-Owned Enterprises Öffentliches Unternehmen Deregulierung Reform Produktivität Schätzung China
Issue Date:	16-Oct-2013
Publisher:
Description:	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.
URI:	http://koha.mediu.edu.my:8181/xmlui/handle/10419/20454
Other Identifiers:	http://hdl.handle.net/10419/20454 ppn:390627526
Appears in Collections:	EconStor

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