Ngôn ngữ:

Hayek, Local Information, and Commanding Heights: Decentralizing State-Owned Enterprises in China

The American economic review, 2017-08, Vol.107 (8), p.2455-2478 [Tạp chí có phản biện]

Copyright© 2017 American Economic Association ;CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank ;Copyright American Economic Association Aug 2017 ;ISSN: 0002-8282 ;EISSN: 1944-7981 ;DOI: 10.1257/aer.20150592

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Nhan đề:
Hayek, Local Information, and Commanding Heights: Decentralizing State-Owned Enterprises in China
Tác giả: Huang, Zhangkai ; Li, Lixing ; Ma, Guangrong ; Xu, Lixin Colin
Chủ đề: Central government ; Centralization ; COMMUNICATION COSTS ; COMPETITION POLICY ; DECENTRALIZATION ; Economic policy ; Economic systems ; Government corruption ; Government officials ; Government reform ; INDUSTRIAL POLICY ; Industry ; Local government ; Municipal governments ; Placebos ; Provincial government ; Public enterprise ; Socialism ; STATE-OWNED ENTERPRISES ; Statistical significance ; STRATEGIC INDUSTRIES
Là 1 phần của: The American economic review, 2017-08, Vol.107 (8), p.2455-2478
Mô tả: Hayek (1945) argues that local information is key to understanding the efficiency of alternative economic systems and whether production should be centralized or decentralized. The Chinese experience of decentralizing SOEs confirms this insight: when the distance to the government is farther, the SOE is more likely to be decentralized, and this distance-decentralization link is more pronounced with higher communication costs and greater firm-performance heterogeneity. However, when the Chinese central government oversees SOEs in strategic industries, the distance-decentralization link is muted. We also consider alternative agency-cost-based explanations, and do not find much support.
Nơi xuất bản: Nashville: American Economic Association
Ngôn ngữ: English
Số nhận dạng: ISSN: 0002-8282
EISSN: 1944-7981
DOI: 10.1257/aer.20150592
Nguồn: Open Knowledge Repository

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Hayek, Local Information, and Commanding Heights: Decentralizing State-Owned Enterprises in China

Copyright© 2017 American Economic Association ;CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank ;Copyright American Economic Association Aug 2017 ;ISSN: 0002-8282 ;EISSN: 1944-7981 ;DOI: 10.1257/aer.20150592

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