ESTIMATING PRODUCTIVITY DYNAMICS DURING INSTITUTIONAL CHANGE: AN APPLICATION TO CHINESE STATE OWNED ENTERPRISES 1980-1994
Patrick Walsh () and
Economic Papers from Trinity College Dublin, Economics Department
We estimate the productivity dynamics of 680 industrial Chinese State-Owned Enterprises (SOEs) between 1980 and 1994. During this time managerial autonomy over factor markets was introduced. The timing of autonomy varied across SOEs and take-up was an endogenous process: high-productivity SOEs where more likely to take managerial control. We allow for this by adapting an algorithm developed in Olley & Pakes (1996) in order to generate estimates of productivity dynamics that deal with both simultaneity and endogenous selection biases. Apart from offering a methodology to estimate productivity dynamics during endogenous institutional change, we demonstrate that SOEs in China obtained productivity gains from managerial autonomy over factor markets in the years before privatisation.
References: Add references at CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
Working Paper: ESTIMATING PRODUCTIVITY DYNAMICS DURING INSTITUTIONAL CHANGE: AN APPLICATION TO CHINESE STATE OWNED ENTERPRISES 1980-1994 (2005)
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:tcd:tcduee:tep14
Access Statistics for this paper
More papers in Economic Papers from Trinity College Dublin, Economics Department Contact information at EDIRC.
Bibliographic data for series maintained by Colette Angelov ().