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Firm Size, Technical Efficiency and Productivity Growth in Chinese Industry

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  • YUK-SHING CHENG

    ()
    (Department of Economics, School of Business, Hong Kong Baptist University, H.K.)

  • DIC LO

    ()
    (Department of Economics, SOAS, University of London, UK)

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    Abstract

    Since the mid-1990s, China’s state leadership has adopted a policy of nurturing the competitiveness of large state-owned industrial enterprises. The implications of this policy have been a matter of debate in the literature. This paper seeks to provide some useful input into the debate. With a view of investigating into the potential of long-term development of large enterprises, we estimate the “sequential production technology†in computing the Malmquist productivity index for various size-groups of enterprises in Chinese industry. Our findings indicate that large enterprises did register the fastest productivity growth and improvement in technical efficiency in the 1994-97 period. It thus appears that large-scale, mainly state-owned Chinese enterprises have exhibited the potential of making noticeable improvements and the relevant state policy does have its justification.

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    File URL: http://www.soas.ac.uk/economics/research/workingpapers/file28835.pdf
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    Bibliographic Info

    Paper provided by Department of Economics, SOAS, University of London, UK in its series Working Papers with number 144.

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    Length: 32 pages
    Date of creation: Oct 2004
    Date of revision:
    Handle: RePEc:soa:wpaper:144

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    Web page: http://www.soas.ac.uk/economics/
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    Related research

    Keywords: firm size; technical efficiency; productivity; China; industry;

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    1. Yuanzheng Cao & Yingyi Qian & Barry R. Weingast, 1999. "From federalism, Chinese style to privatization, Chinese style," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 7(1), pages 103-131, March.
    2. Naughton Barry, 1994. "What Is Distinctive about China's Economic Transition? State Enterprise Reform and Overall System Transformation," Journal of Comparative Economics, Elsevier, vol. 18(3), pages 470-490, June.
    3. Zheng, Jinghai & Liu, Xiaxuan & Bigsten, Arne, 2000. "Efficiency, Technical Progress, and Best Practice in Chinese State Enterprises (1980-1994)," Working Papers in Economics 30, University of Gothenburg, Department of Economics.
    4. Lee, Keun, 1993. "Property Rights and the Agency Problem in China's Enterprise Reform," Cambridge Journal of Economics, Oxford University Press, vol. 17(2), pages 179-94, June.
    5. Zhang, Le-Yin, 2004. "The Roles of Corporatization and Stock Market Listing in Reforming China's State Industry," World Development, Elsevier, vol. 32(12), pages 2031-2047, December.
    6. Ray, Subhash C & Desli, Evangelia, 1997. "Productivity Growth, Technical Progress, and Efficiency Change in Industrialized Countries: Comment," American Economic Review, American Economic Association, vol. 87(5), pages 1033-39, December.
    7. Smyth, Russell, 2000. "Should China be Promoting Large-Scale Enterprises and Enterprise Groups?," World Development, Elsevier, vol. 28(4), pages 721-737, April.
    8. Nin, Alejandro & Arndt, Channing & Preckel, Paul V., 2003. "Is agricultural productivity in developing countries really shrinking? New evidence using a modified nonparametric approach," Journal of Development Economics, Elsevier, vol. 71(2), pages 395-415, August.
    9. Subodh Kumar & R. Robert Russell, 2002. "Technological Change, Technological Catch-up, and Capital Deepening: Relative Contributions to Growth and Convergence," American Economic Review, American Economic Association, vol. 92(3), pages 527-548, June.
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