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| 文件名: w21006_Grasp the Large, Let Go of the Small.pdf | |
| 资料下载链接地址: https://bbs.pinggu.org/a-1747790.html | |
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宋铮我想各位坛友应该听说过，之前复旦的，发了AER之后跳槽去了Booth商学院。本文是他和牛人谢长泰关于我国国企改革的作品。
Starting in the late 1990s, China undertook a dramatic transformation of the large number of firms under state control. Small state-owned firms were privatized or closed. Large state-owned firms were corporatized and merged into large industrial groups under the control of the Chinese state. The state also created many new and large firms. We use detailed firm-level data to show that from 1998 to 2007, (i) state-owned firms that were closed were smaller and had low labor and capital productivity; (ii) the labor productivity of state-owned firms converged to that of private firms; (iii) the capital productivity of state-owned firms remained significantly lower than that of private firms; and (iv) total factor productivity (TFP) growth of state-owned firms was faster than that of private firms. We find the reforms of the state sector were responsible for 20 percent of aggregate TFP growth from 1998 to 2007. |
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