Productivity Effects of Tve Privatization: The Case Study of Garment and Metal Casting Enterprises in the Greater Yangtze River Region

35 Pages Posted: 11 Apr 2003 Last revised: 2 Oct 2009

See all articles by Tetsushi Sonobe

Tetsushi Sonobe

National Graduate Institute for Policy Studies

Keijiro Otsuka

National Graduate Institute for Policy Studies (GRIPS)

Date Written: April 2003

Abstract

While it is by now well known that the privatization of township- and village-run enterprises (TVREs) has been rapidly and widely taking place in China, it is much less known whether and to what extent privatization has improved resource allocation and productivity. As a first step toward the fuller understanding of the effect of privatization, this study undertakes case studies of garment and casting enterprises in the Greater Yantgze River Region, where TVREs led miraculous economic growth in the 1980s. Our empirical results indicate that productivity was significantly enhanced by the recent privatization with time lag of a few years.

Suggested Citation

Sonobe, Tetsushi and Otsuka, Keijiro, Productivity Effects of Tve Privatization: The Case Study of Garment and Metal Casting Enterprises in the Greater Yangtze River Region (April 2003). NBER Working Paper No. w9621. Available at SSRN: https://ssrn.com/abstract=394729

Tetsushi Sonobe (Contact Author)

National Graduate Institute for Policy Studies ( email )

7-22-1 Roppongi
Minato-ku
Tokyo, 106-8677
Japan

Keijiro Otsuka

National Graduate Institute for Policy Studies (GRIPS) ( email )

7-22-1 Roppongi,Minato,
Tokyo 106-8677
Japan

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