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and widely taking place in China, it is much less known whether and to what extent privatization has improved resource …While it is by now well known that the privatization of township- and village-run enterprises (TVREs) has been rapidly … allocation and productivity. As a first step toward the fuller understanding of the effect of privatization, this study …
Persistent link: https://www.econbiz.de/10013233007
We use administrative registration records with information on the owners of all Chinese firms to document their connections through equity investments. We show that the largest private owners have direct equity ties with state owners, the next largest private owners have equity ties with...
Persistent link: https://www.econbiz.de/10014090294
private sector in urban China. We show that a reform that untied access to housing in urban areas from working for the state …
Persistent link: https://www.econbiz.de/10013061768
forward. In this paper I illustrate this idea with a study of the People's Republic of China. Under the plan, prices were …
Persistent link: https://www.econbiz.de/10013147214
We track firms at birth and compare the growth pattern of IPO firms and their birth-matched counterparts. Firms that are larger at birth with faster initial growth are more likely to attain a larger size later in life and go public. Firms in the top percentile of predicted propensity to go...
Persistent link: https://www.econbiz.de/10012890903
below emerging countries such as Brazil, China and India. In contrast, the central European transition countries such as …
Persistent link: https://www.econbiz.de/10013067648
the market. In particular, we look at whether speed of privatization, legal institutions or initial conditions are more … endogeneity, confused issues of speed and level of privatization, and did not face up to the problems of multicollinearity. Our … results suggest that, contrary to the earlier literature, the speed of privatization is negatively associated with growth, but …
Persistent link: https://www.econbiz.de/10013234403
Privatization of state assets is an essential step to the creation of a viable private sector in the formerly socialist … privatization, with emphasis on Poland, Hungary, and Czechoslovakia. Progress in privatizing small firms has been rapid in several … East European countries, but privatization of large firms has been slow, with most success to date in Hungary …
Persistent link: https://www.econbiz.de/10013247193
This paper studies dynamic labor demand by private and public manufacturing plants in China. It contributes along two …
Persistent link: https://www.econbiz.de/10013136558
China's high corporate savings rate is commonly claimed to be a key driver for the country's large current account …
Persistent link: https://www.econbiz.de/10013137314