Why Transition Paths Differ: Russian and Chinese Enterprise Performance Compared

Sumon Bhaumik and Saul Estrin ()

No 525, William Davidson Institute Working Papers Series from William Davidson Institute at the University of Michigan

Abstract: We use enterprise data to analyse and compare the determinants of enterprise performance in China and Russia. We find that in China, enterprise growth and efficiency is associated with rapid increases in factor inputs including management, as well as TFP, but not greatly associated with ownership or institutional factors. In contrast, sales growth in Russia is not associated with improvements in factor quantity (except for labor) or quality; TFP is not influenced by competition and privatization to outsiders does not enhance company performance relative to insider ownership. The main determinants of TFP are instead demand and institutional factors at a regional level.

Keywords: informal enterprise performance; privatization in Russia and China; total factor productivity (search for similar items in EconPapers)
JEL-codes: D23 L22 O12 P31 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2003-01-01
New Economics Papers: this item is included in nep-sea and nep-tra
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