EconPapers    
Economics at your fingertips  
 

Grasp the Large, Let Go of the Small: The Transformation of the State Sector in China

Zheng Song and Chang-Tai Hsieh
Additional contact information
Zheng Song: Booth School of Business
Chang-Tai Hsieh: University of Chicago

No 1330, 2013 Meeting Papers from Society for Economic Dynamics

Abstract: Starting in the late 1990s, China undertook a dramatic transformation of the large number of firms under state control. Most small state owned firms were privatized or closed. In contrast, large state owned firms were corporatized and and merged into large industrial groups under the control of the Chinese state. We use detailed firm level data to show that that from 1998 to 2007, labor productivity of state owned firms converged with that of privately owned firms while total factor productivity growth of state owned firms was more than double that of private firms. However, capital productivity of state owned firms continue to be lower than that of private firms and did not change.

Date: 2013
References: Add references at CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:red:sed013:1330

Access Statistics for this paper

More papers in 2013 Meeting Papers from Society for Economic Dynamics Society for Economic Dynamics Marina Azzimonti Department of Economics Stonybrook University 10 Nicolls Road Stonybrook NY 11790 USA. Contact information at EDIRC.
Bibliographic data for series maintained by Christian Zimmermann ().

 
Page updated 2020-05-08
Handle: RePEc:red:sed013:1330