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Firm Size, Technical Efficiency and Productivity Growth in Chinese Industry

Cheng, Yuk-Shing and Lo, Dic (2004) Firm Size, Technical Efficiency and Productivity Growth in Chinese Industry. London, UK: School of Oriental and African Studies.

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Abstract

Since the mid-1990s, China’s state leadership has adopted a policy of nurturing the competitiveness of large state-owned industrial enterprises. The implications of this policy have been a matter of debate in the literature. This paper seeks to provide some useful input into the debate. With a view of investigating into the potential of long-term development of large enterprises, we estimate the “sequential production technology” in computing the Malmquist productivity index for various size-groups of enterprises in Chinese industry. Our findings indicate that large enterprises did register the fastest productivity growth and improvement in technical efficiency in the 1994-97 period. It thus appears that large-scale, mainly state-owned Chinese enterprises have exhibited the potential of making noticeable improvements and the relevant state policy does have its justification.

Item Type: Monographs (Working Paper)
Keywords: firm size, technical efficiency, productivity, China, industry
SOAS Departments & Centres: Faculty of Law and Social Sciences > Department of Economics
DOI (Digital Object Identifier): No. 144
Depositing User: Beth Clark
Date Deposited: 16 Mar 2006
URI: http://eprints.soas.ac.uk/id/eprint/105

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