Growth, Efficiency, and Convergence in China's State and Collective Industry

Jefferson, Gary H.; Rawski, Thomas G.; Zheng, Yongnian

doi:10.1086/451939

Cited by 272 publications

(121 citation statements)

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“…Similarly, we can also argue that if the assumption of constant return to scale does not hold in China, TFPG estimated by SRM may be biased. Jefferson et al (1992) finds a slightly increasing return to scale in state and collective industries in 1980s, while Zhang and Gui (2008) think the scale economy is deteriorating after 1978. Similarly, Bruemmer et al (2006) also find a decreasing return to scale in Chinese agriculture sector after the economic reform in 1978.…”

Section: Approaches To Tfpg Measurementmentioning

confidence: 99%

The Enigmas of TFP in China: A meta-analysis

Tian

2012

China Economic Review

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in

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Section: Approaches To Tfpg Measurementmentioning

confidence: 99%

The Enigmas of TFP in China: A meta-analysis

Tian

2012

China Economic Review

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“…The high TFP growth rate in Chen et al (1988b) was based on downward adjustments of official data on labour and capital inputs. s From the debate between Woo et al (1993Woo et al ( , 1994a and Jefferson et al (1994), it appears that the high TFP growth rate in Jefferson et al (1992) was the result of using input deflators that understated inputs. Groves et al (1994) and Perkins and Raiser (1995), using input deflators constructed in the manner of Jefferson et al (1992), also found high TFP growth rates.…”

Section: Assessment Of Enterprise Performancementioning

confidence: 99%

“…Numerous studies showed positive TFP growth in the industrial and agricultural sectors during the period of economic reform (World Bank 1985, 1997bCh en et al 1988a;Jefferson et al 1992 Estimation results using a Cobb-Douglas production function and Cochrane-Orcutt for auto-correction, suggest that the capital and labour elasticities of GDP 0.52 and 0.48, respectively (Appendix Table 2.3). The estimation results also indicate positive and significant effects from foreign direct investment, in addition to total capital, and a negative effect of inflation on economic growth.…”

Section: Total Factor Productivity Growthmentioning

confidence: 99%

“…The rapidly increasing demand for inputs by SOEs and for consumption goods by their employees provided expanding purchasing power for goods produced by the non-state sectors. Some SOEs themselves also improved productive efficiency through policy reforms and increased competition with non-state firms (Jefferson et al , 1996Jefferson and Rawski 1994;Rawski 1994). Another important contribution by SOEs was the provision of a safety net for China's economic reform by containing the redundant workers within the factories (McMillan and Naughton 1992; Naughton 1995).…”

Section: Macroeconomic Implicationsmentioning

confidence: 99%

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China: Twenty Years of Economic Reform

2012

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“…There are some published studies which explored China's SOE reforms 26 which began from a very early stage (e.g. Byrd (1983), Kuan et al (1988), Dollar (1990), Groves et al (1994), Jefferson and Rawski (1994), Jefferson, Rawski and Zheng (1992), Woo et al (1993), Bai, Li and Wang (1997), Zheng, Liu and Bigsten (1998), Liu and Liu (1996), Kong, Marks and Wan (1999), Shiu (2002). These studies in the Chinese context where SOE reforms took place earlier than in Vietnam, can provide a benchmark and references for analysis of SOE productivity in Vietnam.…”

Section: Vietnamese Manufacturing Soesmentioning

confidence: 99%

Vietnam State-owned Enterprise (SOE) Reform: A productivity and efficiency perspective

Nguyen¹

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State-owned enterprise (SOE) reform has been one of the important pillars of the overall economic renovation of Vietnam since 1986. Vietnamese SOEs have been moving from a cumbersome commanddriven economic system to a market-driven system. This thesis measures changes in the productivity of Vietnamese manufacturing SOEs over a ten year period. The focus is on possible productivity The empirical results indicate that the average annual rate of TFP growth across the 24 sectors over the full sample was 5.1%. Beverage SOEs had the highest productivity growth rate at 13.98% per year. There was also a large variation in productivity and efficiency measures across different sectors.The refined petroleum products sector was found to be the most technically efficient (94.08 % on average). The lowest technical efficiency levels were found in the beverage (90.79%), leather and related products (90.41%), wearing apparel (90.49%) and transport equipment (91.26%). Average technical efficiency across firms in the sample reached a maximum in 2008 and then declined at an average rate of 0.56% per year from 2009 to 2011. Results for SOEs were similar to results for private firms. The empirical results show that changes in output-oriented scale-mix efficiency, and changes in environmental conditions, are the main drivers of productivity change in Vietnamese manufacturing SOEs whose ownership type was changed into private firms.Results of second-stage regression indicate that the higher productivity levels of the privatized SOEs are relative to longer post-privatization periods. This suggests that one of the best policy options to improve productivity of manufacturing SOEs is to privatize them within a short span of time. Additionally, sectoral productivity analysis in major manufacturing sectors indicates a link between productivity improvements and export-oriented sectors. These outcomes suggest the government should implement policies that promote privatization of these sectors.ii Declaration by authorThis thesis is composed of my original work, and contains no material previously published or written by another person except where due reference has been made in the text. I have clearly stated the contribution by others to jointly-authored works that I have included in my thesis.

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Growth, Efficiency, and Convergence in China's State and Collective Industry

Cited by 272 publications

References 3 publications

The Enigmas of TFP in China: A meta-analysis

The Enigmas of TFP in China: A meta-analysis

China: Twenty Years of Economic Reform

Vietnam State-owned Enterprise (SOE) Reform: A productivity and efficiency perspective

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