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Labor Productivity and Surplus Labor in Chinese Iron and Steel Firms

In: Growth Mechanisms and Sustainability

Author

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  • Xinxin Ma

    (Hosei University)

Abstract

Using data from Chinese large and medium-sized manufacturing enterprises from 2004 to 2007, this study investigates labor productivity and surplus labor in Chinese iron and steel firms based on a fixed effects model, a random effects model and generalized method of moments (GMM). The main results are summarized as follows: first, both the wage level and labor productivity increase from 2004 to 2007 for both SOEs and non-SOEs, but the size of the increase in both wages and labor productivity is greater for SOEs than for non-SOEs. Second, the results based on the Cobb–Douglas production function and GMM estimates indicate that the elasticity of marginal labor productivity is statistically significant for firms in the private sector but not for firms in the public sector. Third, when we compare wages and marginal labor productivity, we find that, in general, there seems to be no surplus labor in iron and steel firms overall, but surplus labor might remain in both large and small-sized state-owned enterprises, particularly in large state-owned steel firms.

Suggested Citation

  • Xinxin Ma, 2021. "Labor Productivity and Surplus Labor in Chinese Iron and Steel Firms," Springer Books, in: Jun Ma & Masashi Yamamoto (ed.), Growth Mechanisms and Sustainability, chapter 0, pages 239-257, Springer.
    • Handle: RePEc:spr:sprchp:978-981-16-2486-5_10
    DOI: 10.1007/978-981-16-2486-5_10
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