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Estimating productivity dynamics during institutional change : an application to Chinese state owned enterprises 1980-1994
Author(s)
Date Issued
2005
Date Available
2009-04-02T11:20:44Z
Abstract
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.
Type of Material
Working Paper
Publisher
Trinity College Dublin. Department of Economics
Series
Trinity Economics Papers
2005/14
Copyright (Published Version)
Trinity College Dublin, Department of Economics
Subject – LCSH
Government business enterprises--China
Industrial productivity--China
Industrial organization--China
Language
English
Status of Item
Not peer reviewed
This item is made available under a Creative Commons License
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