Privatisation, state ownership and productivity:evidence from China


Autoria(s): Driffield, Nigel; Du, Jun
Data(s)

01/07/2007

Resumo

This paper examines the relationship between the transfer of ownership between the public and private sectors of Chinese industry, and its impacts on performance. We link ownership changes to productivity growth, and demonstrate that privatisation contributes significantly. We offer an extension that is generally ignored in the literature, in looking at firms that are taken back into state ownership, and evaluating the productivity growth effects of this. Further, we highlight the well-understood simultaneity problems, and demonstrate the hazard of ignoring the issue by comparing various estimators, including the modified control function approach. In general, the results stress the importance of allowing for such endogeneity when evaluating the productivity effects of ownership change.

Formato

application/pdf

Identificador

http://eprints.aston.ac.uk/2815/1/Privatisation_state_ownership_and_productivity.pdf

Driffield, Nigel and Du, Jun (2007). Privatisation, state ownership and productivity:evidence from China. International Journal of the Economics of Business, 14 (2), pp. 215-239.

Relação

http://eprints.aston.ac.uk/2815/

Tipo

Article

PeerReviewed