Estimating productivity dynamics during institutional change : an application to Chinese state owned enterprises 1980-1994
|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
|Language:||en||Status of Item:||Not peer reviewed|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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