May 2000 - Reformers of China's state enterprises should realize that more could be realized from capital transfer than …-owned industrial enterprises in China. Their results indicate the prevalence of low and stagnant labor productivity, low capital … productivity, and excessively high wages in the state sector for the period reviewed (1994-97). The private sector exhibited …

Reformers of China's state enterprises should realize that more could be realized from capital transfer than is being … enterprises in China. Their results indicate the prevalence of low and stagnant labor productivity, low capital productivity, and … excessively high wages in the state sector for the period reviewed (1994-97).The private sector exhibited consistently greater …

economic miracle, elasticities of real wages to productivities - that is the ratios of rates of variations of the former to the … determination processes. The low elasticities of wages to productivity are plausibly the consequence of the massive flow of migrant …