We estimate the effects of privatization on zombie versus healthy state-owned enterprises (SOEs) in China, extending … productivity and TFP, reduces bank and government subsidies, alleviates leverage and administrative expenses, improves liquidity … privatization of underperforming, zombie-like entities can lead to substantial economic improvements and greater efficiency …

is inefficient and reduces (and could even negate) the productivity gains from automation. Using data for the US from … contribution. We also estimate that inefficient rent dissipation offset 60-90% of the productivity gains from automation since 1980 …

relative to their productivity and the effective cost of capital in low-complexity tasks. Minimum wages and other sources of … of capital (or an increase in capital productivity) causes employment and wage polarization. Specifically, further … increases in capital productivity ultimately induce a transition to low-skill automation and qualitatively alter the effects of …

) augment a specific labor type--e.g., increase the productivity of labor in tasks it is already performing; (2) augment capital … productivity, and their full impact depends on the pattern of substitution between different factors which arises endogenously in …

allocation and productivity. As a first step toward the fuller understanding of the effect of privatization, this study …While it is by now well known that the privatization of township- and village-run enterprises (TVREs) has been rapidly … and widely taking place in China, it is much less known whether and to what extent privatization has improved resource …