What is Special about Enterprise Performance in North-East People's Republic of China?: Dynamics of Privatization, Profitability and Productivity during the Reform Era
Xiao, Geng | June 2005
Abstract
Using the annual survey on large and medium-sized industrial enterprises in People’s Republic of China (henceforth PRC) by the National Bureau of Statistics, this paper examines enterprise performance in north-east PRC. It shows clearly that the privatization of SOEs in the north-east region during 1995-2002 is rapid and often more aggressive than in the rest of PRC. The improvement in profitability and productivity of enterprises in the northeast PRC is also as significant as in the rest of PRC. Reforms in the north-east region have led to dramatic changes in the allocation of capital and labor, largely consistent with the national trend. Using regression analysis on the firm-level panel data, the study is able to measure and explain the differences in firm productivity and profitability across time, region, ownership, and market conditions, and to identify the remaining performance gaps that are specific only to the north-east region. The results of this study indicate that while the northeast region should continue the standard market-oriented reforms, such as privatization, encouraging market competition, and attracting FDI, it should also work hard to catch up in institutional reforms that could improve its local business environment since the performance gaps that are due specific to its location are still quite large.
Citation
Xiao, Geng. 2005. What is Special about Enterprise Performance in North-East People's Republic of China?: Dynamics of Privatization, Profitability and Productivity during the Reform Era. © Asian Development Bank. http://hdl.handle.net/11540/3616. License: CC BY 3.0 IGO.Keywords
Commerce and Industry
Intra-Industry Trade
Large Scale Industry
Labor
Technical Evaluation
Results-Based Monitoring And Evaluation
Performance Evaluation
Industrialization
Industrial Economics
Industrial Development
Industrial Policy
Technology assessment
Capital market
Developing countries
Market share
Labor
Technology transfer
Cumulative effects assessment
Job analysis
Task analysis
Show allCollapse
Citable URI
http://hdl.handle.net/11540/3616Metadata
Show full item recordUsers also downloaded
-
Annual Report 2014: Operational Data
Asian Development Bank (Asian Development Bank, 2015-01-01)The page has additional information for the ADB Annual Report 2014. In 2014, the Asian Development Bank (ADB) approved $22.93 billion in development assistance, including $13.69 billion financed by ADB’s ordinary capital resources and special funds, and a record $9.24 billion by cofinancing partners. Disbursements totaled $10.01 billion, an increase of $1.47 billion (17%) from 2013, and the first ...The page has additional information for the ADB Annual Report 2014. In 2014, the Asian Development Bank (ADB) approved $22.93 billion in development assistance, including $13.69 billion financed by ADB’s ordinary capital resources and special funds, ... -
Operational Plan for Integrated Disaster Risk Management 2014-2020
Asian Development Bank (Asian Development Bank, 2014-04-15)The Operational Plan for Integrated Disaster Risk Management, 2014–2020 seeks to strengthen disaster resilience in the developing member countries of the Asian Development Bank (ADB). The operational plan has three key objectives toward this intended outcome: (i) to promote an integrated disaster risk management approach in ADB’s operations, (ii) to strengthen ADB’s developing member country integrated ...The Operational Plan for Integrated Disaster Risk Management, 2014–2020 seeks to strengthen disaster resilience in the developing member countries of the Asian Development Bank (ADB). The operational plan has three key objectives toward this intended ... -
Impact of Out-of-Pocket Expenditures on Families and Barriers to Use of Maternal and Child Health Services in Asia and the Pacific: Summary Technical Report: Evidence from National Household Surveys of Healthcare Use and Expenditures
Asian Development Bank (Asian Development Bank, 2012-12-01)The burden of poor maternal, neonatal and child health (MNCH) remains unacceptably high in many developing member countries (DMCs). To understand the barriers facing households in accessing MNCH care, the ADB technical assistance project RETA-6515 analyzed data from routine national household expenditure surveys in six DMCs: Bangladesh, Cambodia, the Lao People's Democratic Republic (Lao PDR), ...The burden of poor maternal, neonatal and child health (MNCH) remains unacceptably high in many developing member countries (DMCs). To understand the barriers facing households in accessing MNCH care, the ADB technical assistance project RETA-6515 ...