Download This PaperThe Impact of Economic Reform on the Performance of Chinese State Enterprises: 1980-1989
29 Pages Posted: 27 Feb 1998
There are 2 versions of this paper
The Impact of Economic Reform on the Performance of Chinese State Enterprises: 1980-1989
The Impact of Economic Reform on the Performance of Chinese State Enterprises: 1980--1989
Date Written: January 1997
Abstract
The 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.
JEL Classification: P21, L32, D24
Suggested Citation: Suggested Citation
Wei Li (Contact Author)
University of Virginia - Darden School of Business ( email )
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United States
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