Estimating productivity dynamics during institutional change : an application to Chinese state owned enterprises 1980-1994

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Title: Estimating productivity dynamics during institutional change : an application to Chinese state owned enterprises 1980-1994
Authors: McGoldrick, Peter
Walsh, Patrick P.
Permanent link: http://hdl.handle.net/10197/989
Date: 2005
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
Copyright (published version): Trinity College Dublin, Department of Economics
Keywords: Endogenous selection to institutional change;Simultaneity;Production functions;Productivity dynamics;Chinese industrial state-owned
Subject LCSH: Government business enterprises--China
Industrial productivity--China
Industrial organization--China
Language: en
Status of Item: Not peer reviewed
Appears in Collections:Politics and International Relations Research Collection
Geary Institute Research Collection

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