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OWNERSHIP RESTRUCTURING (2) answer(s).
 
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ID:   092545


Manufacturing productivity in China and India: the role of institutional changes / Pandey, Manish; Dong, Xiao-yuan   Journal Article
Pandey, Manish Journal Article
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Publication 2009.
Summary/Abstract In this paper we undertake a comparative study of productivity in the manufacturing sector for China and India using data from survey of manufacturing industries for the two countries. We find that productivity of manufacturing industries in China relative to that in India improved substantially over the 1998-2003 period. Specifically, the average total factor productivity (TFP) growth for the manufacturing sector over this period was about 11% higher in China than in India. We document two substantial changes in government policies in China that were not witnessed in India. First, the late 1990s saw an enormous wave of ownership restructuring due to the formal endorsement of private property rights by the Chinese central government. Second, in 1997 a large scale labour retrenchment program was launched to address the long standing problem of labour redundancy in the public sector. Using data from the Chinese survey of manufacturing industries, we quantify the impact of these large scale institutional changes on TFP of Chinese manufacturing industries. We find that these policy changes can explain about 30% of the growth in TFP of manufacturing industries. Hence we conclude that these institutional changes in China can account for a significant part of the gains in productivity of manufacturing industries in China relative to that in India over the 1998-2003 period.
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2
ID:   114791


Ownership Restructuring, marketization and wealth inequality in: 1995 and 2002 / Xiaobin He; Huang, Zhuo   Journal Article
Xiaobin He Journal Article
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Publication 2012.
Summary/Abstract This paper proposes a property transformation perspective to examine the mechanisms of wealth accumulation and wealth inequality creation during China's post-1978 transformation. It examines how enterprise ownership restructuring, marketization and state politics have resulted in greater wealth inequality between cadres and ordinary workers, between public sectors/organizations and private sectors/organizations. Mainly drawing on data from the Chinese Household Income Project conducted in 1995 and 2002, we find that the property transformation process has created greater wealth disparity among different occupational groups and among those working in different work organizations since the mid-1990s. However, it is inconclusive whether non-housing wealth or total household wealth are increasing at the same pace across different occupations and work organizations with the growing market penetration and the spread of privatization.
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