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The Impact of Privatization on TFP: a Quasi-Experiment in China

Xiaohua Wang (), Zhi Luo (), Tianyi Wang () and Huang Zhuo ()
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Xiaohua Wang: China Economics and Management Academy at Central University of Finance and Economics
Zhi Luo: Economic Development Research Center of Wuhan University
Tianyi Wang: School of Banking and Finance at University of International Business and Economics
Huang Zhuo: National School of Development at Peking University

Annals of Economics and Finance, 2017, vol. 18, issue 1, 53-71

Abstract: Using the data of SOEs and Non-SOEs in industrial sector of China from 1998 to 2007, we investigate the impact of privatization on TFP. We construct a difference in difference model and use propensity score method to avoid the selection bias. We use the type of enterprises registration to identify the SOEs and define the privatization. The regress results show, privatization of SOEs can improve the efficiency of enterprises significantly. Some characteristics of firms will affect the effect of privatization. Our results are robust even if we use another classification criterion of types of firms.

Keywords: Privatization; TFP; SOE (search for similar items in EconPapers)
JEL-codes: D21 D24 (search for similar items in EconPapers)
Date: 2017
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