Language:

Grasp the Large, Let Go of the Small: The Transformation of the State Sector in China

Brookings papers on economic activity, 2015-04, Vol.2015 (1), p.295-346 [Peer Reviewed Journal]

Copyright © 2015 THE BROOKINGS INSTITUTION ;Copyright © 2008 The Brookings Institution. ;Copyright Brookings Institution Press Spring 2015 ;ISSN: 0007-2303 ;ISSN: 1533-4465 ;EISSN: 1533-4465 ;DOI: 10.1353/eca.2016.0005 ;CODEN: BPEAD5

Full text available

Citations Cited by

Actions
1. Add to My Research
2. Remove from My Research
3. E-mail
4. Print
5. Permalink
6. Citation
7. EasyBib
8. EndNote
9. RefWorks
10. Delicious
11. Export RIS
12. Export BibTeX

Title:
Grasp the Large, Let Go of the Small: The Transformation of the State Sector in China
Author: HSIEH, CHANG-TAI ; SONG, ZHENG MICHAEL
Subjects: 2000 ; Average product ; Business structures ; Capitalism ; China ; Conglomerates ; Deferred compensation ; Economic development ; Economic models ; Economic policy ; Employment ; Government business enterprises ; Incumbents ; Industrial Revolution ; Insurance claims ; Labor productivity ; Marginal product of labor ; Marginal products ; Minority set aside programs ; Ownership changes ; Political parties ; Privatization ; Productivity ; Shutdowns ; Steels ; Value added
Is Part Of: Brookings papers on economic activity, 2015-04, Vol.2015 (1), p.295-346
Description: In the late 1990s, China's industrial sector was dominated by state-owned firms. We document how this changed after 1998. More than 80 percent of the state-owned firms in 1998 were shut down or privatized by 2007. Among firms we classify as state-controlled in 2007, many were restructured and registered as private firms with a controlling share held by a stateowned conglomerate or were new firms established after 1998. In 2007, almost half of the state-controlled firms were registered as private firms, and about 40 percent were new firms established after 1998. The privatization and convergence in labor productivity decelerated after 2007, but the establishment of new state-owned firms continued at roughly the same rate. When we interpret these facts through the lens of an equilibrium model of heterogeneous firms, we find that the transformation of firms that remained under state control and the creation of new state-controlled firms together account for 21 percent of China's growth from 1998 to 2007 and 18 percent of its growth from 2007 to 2012. However, the exit and privatization of state-owned firms had a negligible effect on aggregate growth.
Publisher: Washington: Brookings Institution Press
Language: English
Identifier: ISSN: 0007-2303
ISSN: 1533-4465
EISSN: 1533-4465
DOI: 10.1353/eca.2016.0005
CODEN: BPEAD5
Source: ProQuest Central

Back to results list


INSPIRE LIBRARY - TON DUC THANG UNIVERSITY	(84-028) 37 755 057	Feedback
19 Nguyen Huu Tho St. Dist.7, HCM	thuvien@tdtu.edu.vn	Feedback

Grasp the Large, Let Go of the Small: The Transformation of the State Sector in China

Copyright © 2015 THE BROOKINGS INSTITUTION ;Copyright © 2008 The Brookings Institution. ;Copyright Brookings Institution Press Spring 2015 ;ISSN: 0007-2303 ;ISSN: 1533-4465 ;EISSN: 1533-4465 ;DOI: 10.1353/eca.2016.0005 ;CODEN: BPEAD5

Searching Remote Databases, Please Wait