Productivity Growth and Firm Ownership: An Analytical and Empirical Investigation
Isaac Ehrlich (),
Zhiqiang Liu and
Randall Lutter ()
Journal of Political Economy, 1994, vol. 102, issue 5, 1006-38
The authors focus on the effect of state versus private ownership on the rates of firm-specific productivity growth and cost decline by developing a model of endogenous, firm-specific productivity growth and testing its implications against panel data on twenty-three international airlines of varying levels of state ownership over the period 1973-83. Their model and empirical results show that state ownership can lower the long-run annual rate of productivity growth or cost decline but not necessarily their levels in the short run. The analysis offers new insights concerning the recent trend toward privatizing state-owned enterprises that has been observed in many countries. Copyright 1994 by University of Chicago Press.
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (104) Track citations by RSS feed
Downloads: (external link)
http://dx.doi.org/10.1086/261962 full text (application/pdf)
Access to full text is restricted to subscribers. See http://www.journals.uchicago.edu/JPE for details.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ucp:jpolec:v:102:y:1994:i:5:p:1006-38
Access Statistics for this article
More articles in Journal of Political Economy from University of Chicago Press
Bibliographic data for series maintained by Journals Division ().