FAST-FALLING BARRIERS AND GROWING CONCENTRATION:THE EMERGENCE OF A PRIVATE ECONOMY IN CHINA
论文作者:Sean Dougherty Richard Herd论文属性:调研报告 Research Proposal登出时间:2009-05-20编辑:anne点击率:2744
论文字数:5642论文编号:org200905201726514750语种:英语 English地区:英格兰价格:$ 22
关键词:Private sectorfirm microdataproductivityregional concentrationrestructuringtransitionmarket economy
This paper assesses the progress of China’s transition toward a market economy by examining the structure of ownership, productivity, and profitability, as well as the concentration of production across firms,industries and regions. It does this by analyzing a database of firm microdata of the quarter of a million industrial companies in operation during the 1998–2003 period. Results show that the private sector now accounts for more than half of industrial output, compared with barely more than a quarter in 1998, and operates much more efficiently than the public sector. Higher productivity has fed through to profitability, motivating greater regional specialization of production. These changes are consistent with what would be expected in a market-based economy, and suggests that reforms are making rapid progress. This Working Paper relates to the 2005 OECD Economic Survey of China.
TABLE OF CONTENTS
FAST-FALLING BARRIERS AND GROWING CONCENTRATION: THE EMERGENCE OF A
PRIVATE ECONOMY IN CHINA........................................................ 4
1.Introduction................................................................................... 4
2. Data and measurement................................................................. 6
3. Ownership.............................................................................. 8
4. Productivity ................................................................................ 10
5. Profits ......................................................................................... 16
6. Restructuring ................................................................................ 20
7. Conclusion.................................................................................. 26
BIBLIOGRAPHY.................................................................................. 27
Tables
Table 1. Share of transactions conducted at market prices
Table 2. Profile of industrial microdata (all firms meeting criteria)
Table 3. Mapping of registration status to controlling shareholder
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Table 9. Extent of industry concentration
Figures
Figure 1. Differences in total factor productivity by firm ownership
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