Productivity (TFP) and Competitiveness of Listed Firms in China

Moosup Jung () and Min-Chan Pyo ()
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Moosup Jung: Samsung Economic Research Institute
Min-Chan Pyo: University of Seoul

East Asian Economic Review, 2009, vol. 13, issue 2, 203-227

Abstract: This paper measured the Total Factor Productivity (TFP) of listed firms in the China stock market by employing the balanced panel data from 1999 to 2007. According to the findings, the TFPs of Chinese firms have increased considerably especially in machinery, electric and electronics, telecommunication, and automobile industries which are major exporting industries in Korea. The findings also show that the TFP gap between large and small firms has increased since 1999. The TFP gap between large and small firms was 9.7 points in 1999, increasing to 14.9 points in 2007. In addition, we found that the TFP growth rate of the leading firm in each industry is much lower than those of followers which may become potential competitors to Korea exporting firms.

Keywords: China; Productivity; Competitiveness (search for similar items in EconPapers)
JEL-codes: L51 L53 Q12 (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:ris:eaerev:0120

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