Ownership and Sector Performance in Current China -- A Regional Study
AbstractThis paper uses the latest provincial data to study the productivity implications of ownership diversi¡¥cation in China's industry. It investigates the different performance of di?erent ownership sectors. It is found that there are significant differences in both production technology and the determinants of economic performance at provincial level between sectors of SOEs, collectives, domestic private enterprises, Hong Kong, Macau and Taiwan funded firms and foreign invested firms. While Cobb-Douglas production functions fit the production technologies of the state controlled, collective and overseas Chinese funded sector very well, the production technologies of the domestic private and foreign funded sector are better represented by Translog production function. The average total factor productivity across di?erent sectors is ranked from the foreign funded sector, domestic private sector, collective sector, Hong Kong, Macau and Taiwan funded sector, to the state controlled sector in descending order. In addition, the determinants of economic performance change substantially from one ownership sector to another.
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Bibliographic InfoArticle provided by Society for AEF in its journal Annals of Economics and Finance.
Volume (Year): 6 (2005)
Issue (Month): 2 (November)
Ownership diversification; Regional marketization level; Productivity and firms' performance;
Find related papers by JEL classification:
- O53 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
- L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
- L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
- O33 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
- R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Zhang, Anming & Zhang, Yimin & Zhao, Ronald, 2001. "Impact of Ownership and Competition on the Productivity of Chinese Enterprises," Journal of Comparative Economics, Elsevier, vol. 29(2), pages 327-346, June.
- Tian, Guoqiang, 2000. "Property Rights and the Nature of Chinese Collective Enterprises," Journal of Comparative Economics, Elsevier, vol. 28(2), pages 247-268, June.
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