Causes of privatization in China - Testing several hypotheses

被引：40

作者：

Guo, K ^{[1
]}

Yao, Y

机构：

[1] Harvard Univ, Dept Econ, Cambridge, MA 02138 USA

[2] Peking Univ, China Ctr Econ Res, Beijing 100871, Peoples R China

来源：

ECONOMICS OF TRANSITION | 2005年 / 13卷 / 02期

关键词：

privatization; institutional change; transition economics;

D O I：

10.1111/j.1468-0351.2005.00221.x

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We test five hypotheses regarding the causes of privatization in China by using firm-level panel data collected in 11 cities in the period 1995-2001. We have found that privatization is positively linked with hardened firm budgets and the extent of market liberalization, but is constrained by excessive debts and worker redundancy. Firm efficiency and state-owned enterprises' financial liabilities imposed on local governments are not factors of influence. These findings match the broad flow of events in China and highlight the role of market building in bringing about efficient institutional changes.

引用

页码：211 / 238

页数：28

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