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A Multi-Task Theory of the State Enterprise Reform

Chong-En Bai, David Daokui Li, Zhigang Tao () and Yijiang Wang

No 2781, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: During transition, maintaining employment and providing a social safety net for the unemployed are important to social stability, which in turn is crucial for the productivity of the whole economy. Because independent institutions for social safety are lacking and firms with strong profit incentives have little incentive to promote social stability due to its public good nature, state-owned enterprises (SOEs) are needed to continue their role in providing social welfare. Charged with the multi-tasks of efficient production as well as social welfare provision, SOEs continue to be given low profit incentives and consequently, their financial performance continues to be poor.

Keywords: Dual-Track Reform; Multi-Task; Social Stability; Unemployment (search for similar items in EconPapers)
JEL-codes: D21 J23 L20 P20 P23 P31 (search for similar items in EconPapers)
Date: 2001-05
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Working Paper: A Multi-Task Theory of the State Enterprise Reform (2001) Downloads
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