The Impact of Economic Reform on the Performance of Chinese State Enterprises, 1980-1989
AbstractThe effectiveness of China's incremental industrial reform between 1980 and 1989 is investigated using a panel data set of 272 state enterprises. This paper applies a method that measures marginal products of factors and changes in total factor productivity (TFP) by comparing actual changes in output to actual changes in inputs and in the institutional environment. This paper finds that there were marked improvements in the marginal productivity of factors and in TFP between 1980 and 1989. More important, the evidence shows that over 87 percent of the TFP growth was attributable to improved incentives, intensified product market competition, and improved factor allocation. Copyright 1997 by the University of Chicago.
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Bibliographic InfoArticle provided by University of Chicago Press in its journal Journal of Political Economy.
Volume (Year): 105 (1997)
Issue (Month): 5 (October)
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Web page: http://www.journals.uchicago.edu/JPE/
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