The Impact of State-Owned Enterprises on China’s Economic Growth

Hao Qi and David M. Kotz

Review of Radical Political Economics, 2020, vol. 52, issue 1, 96-114

Abstract: This paper considers the impact of state-owned enterprises on economic growth in China. We consider several possible channels through which state-owned enterprises might play a pro-growth role: first, stabilizing growth in economic downturns by carrying out massive investments; second, promoting technical progress by investing in riskier areas of technology; third, by following a high-road approach to treating workers by paying a living wage which is favorable for China to move toward a more sustainable growth model in the future. Our empirical analysis finds that a higher share of state-owned enterprises is favorable to long-run growth and tends to offset the adverse effect of economic downturns on the regional level. JEL Classification : E11, O47, P31

Keywords: state-owned enterprises; economic growth; stabilizer; Chinese economy (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:sae:reorpe:v:52:y:2020:i:1:p:96-114

DOI: 10.1177/0486613419857249

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