IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v7y2015i9p11777-11798d54769.html
   My bibliography  Save this article

Industrial Performance of the Renewable Resources Industry in China

Author

Listed:
  • Dong Zhou

    (School of Economics and Management, North China Electric Power University, Beijing 102206, China)

  • Xingang Zhao

    (School of Economics and Management, North China Electric Power University, Beijing 102206, China)

Abstract

Promoting the development of renewable resources industry is an effective way to solve the problems of resources shortage and environmental pollution in China. In this paper, studies have found that “market structure” and “ownership structure”, namely “double structure”, is an important explanatory variable that affects industrial performance according to the “structure-conduct-performance” paradigm. Literature reviews have shown that large state-owned enterprises are playing an important role in improving the industrial performance because of the advantage in technology and capital. However, this paper analyzed the performance of China’s renewable resource industry from two aspects—the overall industrial development and the listed companies, from which two conclusions have drawn: (1) Above a designated size, private enterprises have the greatest contribution, while the contribution of state-owned and foreign-funded enterprises is different; (2) The main reason for the high positive growth rate of total factor productivity between 2009 and 2013 is the rapid growth of technological progress such as the improvement of production processes and manufacturing skills, rather than the promotion of management, system, or polices.

Suggested Citation

  • Dong Zhou & Xingang Zhao, 2015. "Industrial Performance of the Renewable Resources Industry in China," Sustainability, MDPI, vol. 7(9), pages 1-22, August.
    • Handle: RePEc:gam:jsusta:v:7:y:2015:i:9:p:11777-11798:d:54769
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/7/9/11777/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/7/9/11777/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Andrei Shleifer, 1998. "State versus Private Ownership," Journal of Economic Perspectives, American Economic Association, vol. 12(4), pages 133-150, Fall.
    2. Knyazeva, Anzhela & Knyazeva, Diana & Stiglitz, Joseph E., 2013. "Ownership change, institutional development and performance," Journal of Banking & Finance, Elsevier, vol. 37(7), pages 2605-2627.
    3. Ng, Alex & Yuce, Ayse & Chen, Eason, 2009. "Determinants of state equity ownership, and its effect on value/performance: China's privatized firms," Pacific-Basin Finance Journal, Elsevier, vol. 17(4), pages 413-443, September.
    4. Oliver Hart & Andrei Shleifer & Robert W. Vishny, 1997. "The Proper Scope of Government: Theory and an Application to Prisons," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 112(4), pages 1127-1161.
    5. Mari­n, Pedro L. & Siotis, Georges, 2008. "Public policies towards Research Joint Venture: Institutional design and participants' characteristics," Research Policy, Elsevier, vol. 37(6-7), pages 1057-1065, July.
    6. Wei, Zuobao & Varela, Oscar & Kabir Hassan, M., 2002. "Ownership and performance in Chinese manufacturing industry1," Journal of Multinational Financial Management, Elsevier, vol. 12(1), pages 61-78, February.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Li, Yingbo & Wei, Yigang & Li, Yan & Lei, Zhen & Ceriani, Alessandra, 2022. "Connecting emerging industry and regional innovation system: Linkages, effect and paradigm in China," Technovation, Elsevier, vol. 111(C).
    2. Ming Meng & Yanan Fu & Tianyu Wang & Kaiqiang Jing, 2017. "Analysis of Low-Carbon Economy Efficiency of Chinese Industrial Sectors Based on a RAM Model with Undesirable Outputs," Sustainability, MDPI, vol. 9(3), pages 1-18, March.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Shi, Jinchuan & Zhang, Xiaoqian, 2018. "How to explain corporate investment heterogeneity in China's new normal: Structural models with state-owned property rights," China Economic Review, Elsevier, vol. 50(C), pages 1-16.
    2. Boardman, Anthony E. & Vining, Aidan R. & Weimer, David L., 2016. "The long-run effects of privatization on productivity: Evidence from Canada," Journal of Policy Modeling, Elsevier, vol. 38(6), pages 1001-1017.
    3. Henrekson, Magnus & Johansson, Dan, 2010. "Firm Growth, Institutions and Structural Transformation," Ratio Working Papers 150, The Ratio Institute.
    4. David Martimort & Flavio Menezes & Myrna Wooders & ELISABETTA IOSSA & DAVID MARTIMORT, 2015. "The Simple Microeconomics of Public-Private Partnerships," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 17(1), pages 4-48, February.
    5. Fu, Tong & Jian, Ze, 2020. "A developmental state: How to allocate electricity efficiently in a developing country," Energy Policy, Elsevier, vol. 138(C).
    6. Mouna Mrad & Slaheddine Hallara, 2014. "The Relationship Between the Board of Directors and the Performance/Value Creation in a Context of Privatization: The Case of French Companies," Public Organization Review, Springer, vol. 14(1), pages 83-108, March.
    7. Walsh, Patrick Paul & Whelan, Ciara, 2001. "Firm performance and the political economy of corporate governance: survey evidence for Bulgaria, Hungary, Slovakia and Slovenia," Economic Systems, Elsevier, vol. 25(2), pages 85-112, June.
    8. Paul H. Jensen & Robin E. Stonecash, 2004. "The Efficiency of Public Sector Outsourcing Contracts: A Literature Review," Melbourne Institute Working Paper Series wp2004n29, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.
    9. Milan Zafirovski, 2022. "Some dilemmas of economic democracy: Indicators and empirical analysis," Economic and Industrial Democracy, Department of Economic History, Uppsala University, Sweden, vol. 43(1), pages 252-302, February.
    10. Bergman, Mats A. & Johansson, Per & Lundberg, Sofia & Spagnolo, Giancarlo, 2016. "Privatization and quality: Evidence from elderly care in Sweden," Journal of Health Economics, Elsevier, vol. 49(C), pages 109-119.
    11. De Fraja, Gianni, 2008. "Market and public provision in the presence of human capital externalities," Journal of Public Economics, Elsevier, vol. 92(5-6), pages 962-985, June.
    12. Eduardo Levy Yeyati & Alejandro Micco & Ugo Panizza, 2004. "¿Debe el gobierno participar en la actividad bancaria? El papel de la banca propiedad del Estado y de la banca de fomento," Research Department Publications 4380, Inter-American Development Bank, Research Department.
    13. Zhi Wang & Miao Yu, 2022. "Political embeddedness and firms' growth," Kyklos, Wiley Blackwell, vol. 75(1), pages 127-153, February.
    14. Alberto Cavaliere & Simona Scabrosetti, 2008. "Privatization And Efficiency: From Principals And Agents To Political Economy," Journal of Economic Surveys, Wiley Blackwell, vol. 22(4), pages 685-710, September.
    15. Frisell, Lars & Roszbach, Kasper & spagnolo, giancarlo, 2008. "Governing the Governors: A Clinical Study of Central Banks," Working Paper Series 221, Sveriges Riksbank (Central Bank of Sweden).
    16. Jason Coupet & Abagail McWilliams, 2017. "Integrating Organizational Economics and Resource Dependence Theory to Explain the Persistence of Quasi Markets," Administrative Sciences, MDPI, vol. 7(3), pages 1-13, August.
    17. Sergei Guriev & William Megginson, 2006. "Privatization: What We have Learned," Post-Print hal-03459145, HAL.
    18. Patrick W. Schmitz, 2001. "Partial Privatization and Incomplete Contracts: The Proper Scope of Government Reconsidered," FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen, vol. 57(4), pages 394-411, August.
    19. Glaeser, Edward L. & Shleifer, Andrei, 2001. "Not-for-profit entrepreneurs," Journal of Public Economics, Elsevier, vol. 81(1), pages 99-115, July.
    20. Harry Clarke, 2002. "Institutional Design for Biodiversity Conservation," Agenda - A Journal of Policy Analysis and Reform, Australian National University, College of Business and Economics, School of Economics, vol. 9(4), pages 305-320.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:7:y:2015:i:9:p:11777-11798:d:54769. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.