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What is Special about Enterprise Performance in North-East People's Republic of China?: Dynamics of Privatization, Profitability and Productivity during the Reform Era

dc.contributor.authorGeng Xiao
dc.description.abstractUsing 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.
dc.publisherAsian Development Bank
dc.rightsCC BY 3.0 IGO
dc.titleWhat is Special about Enterprise Performance in North-East People's Republic of China?: Dynamics of Privatization, Profitability and Productivity during the Reform Era
dc.typeWorking Papers
dc.subject.expertCommerce and Industry
dc.subject.expertIntra-Industry Trade
dc.subject.expertLarge Scale Industry
dc.subject.expertTechnical Evaluation
dc.subject.expertResults-Based Monitoring And Evaluation
dc.subject.expertPerformance Evaluation
dc.subject.adbIndustrial Economics
dc.subject.adbIndustrial Development
dc.subject.adbIndustrial Policy
dc.subject.adbTechnology assessment
dc.subject.naturalCapital market
dc.subject.naturalDeveloping countries
dc.subject.naturalMarket share
dc.subject.naturalTechnology transfer
dc.subject.naturalCumulative effects assessment
dc.subject.naturalJob analysis
dc.subject.naturalTask analysis
dc.title.seriesADBI Working Paper Series
dc.contributor.imprintAsian Development Bank
oar.themeSmall Medium Business
oar.adminregionEast Asia Region
oar.countryPeople's Republic of China
oar.authorXiao, Geng

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  • ADBI Working Papers
    The Asian Development Bank Institute (ADBI) Working Paper series is a continuation of the formerly named Discussion Paper series which began in January 2003. The numbering of the papers continued without interruption or change. ADBI was established in 1997 in Tokyo, Japan, to help build capacity, skills, and knowledge related to poverty reduction and other areas that support long-term growth and competitiveness in developing economies in Asia and the Pacific.

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