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The desirability of WTO membership for China depends on whether its economic successes have been the result of its discovery of new institutional forms (e.g. dual track pricing, SOE contracts, and fiscal contracts) that are optimal for China''s particular economic circumstances, or have been the...
Persistent link: https://www.econbiz.de/10010318608
This paper examines the progress of state-owned enterprise (SOE) reform in the People's Republic of China. After defining SOEs and considering their scope of operation within the PRC economy, the focus of the paper is on the major reform waves that followed the deterioration of SOE profitability...
Persistent link: https://www.econbiz.de/10012026451
1990 to 2003. The estimating equation is augmented with country- and time-specific variables for methods of privatization … and other factors potentially relevant to growth in transition economies. It is found that 'mass privatization' is … associated with faster growth, but the other privatization methods have no significant impact. The findings suggest that in the …
Persistent link: https://www.econbiz.de/10011470765
This article applies frontier production function analysis to small farms in Nicaragua during 1998-2005 (Battese and Coelli, 1988). The objective of this study is to estimate an average function that will provide a picture for the shape of the organic fertilizer technology of an average firm (in...
Persistent link: https://www.econbiz.de/10011111679
Persistent link: https://www.econbiz.de/10012310712
autonomy being a preferred reform instrument in many countries, and of ten chosen over privatization. Using longitudinal data … partial privatization for a subset of enterprises, a unique contribution of the study lies in investigating whether ownership … divestiture through partial privatization has any effect once enterprises are imparted managerial autonomy, or whether ownership …
Persistent link: https://www.econbiz.de/10010903913
This paper is an attempt to apply the model of M. Aoki in order to get a more comprehensive vision of the « atypical » unemployment in Russia. According to Aoki?'s approach, three main aspects of the firm?'s internal organization are studied. First we insist on the continuous relation between...
Persistent link: https://www.econbiz.de/10008578794
This paper contributes to the development of a global view of the landscape of state-owned enterprises (SOEs). It focuses on three specific questions: the size of the SOE sector in national economies as measured by its share in output or employment; the economic sectors in which the role of SOEs...
Persistent link: https://www.econbiz.de/10014255932
Using a stochastic frontier model and a comprehensive dataset, we study factors that affect corporate efficiency in Europe. We find that (i) larger firms are less efficient than smaller firms, (ii) greater leverage contributes to corporate efficiency, and (iii) high competition is less...
Persistent link: https://www.econbiz.de/10010510115
Persistent link: https://www.econbiz.de/10013503551