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China's State Enterprise Reform - An Overseas Perspective

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  • Thomas G. Rawski

Abstract

After briefly surveying the current circumstances of China' s state-owned industrial enterprises, this paper offers a series of policy recommendations organized around two objectives: raising the returns to capital and promoting the development of market-supporting institutions. The author argues that public ownership is not the central cause of weak performance in state enterprises, and that policy analysis should focus on raising returns to capital and building market-supporting institutions rather than on privatization.

Suggested Citation

  • Thomas G. Rawski, 1997. "China's State Enterprise Reform - An Overseas Perspective," William Davidson Institute Working Papers Series 90, William Davidson Institute at the University of Michigan.
    • Handle: RePEc:wdi:papers:1997-90
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    File URL: https://deepblue.lib.umich.edu/bitstream/handle/2027.42/39480/wp90.pdf
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    References listed on IDEAS

    as
    1. Thomas Rawski, 1997. "Who has soft budget constraints?," Global Economic Review, Taylor & Francis Journals, vol. 26(1), pages 29-49.
    2. Gary H. Jefferson & Thomas G. Rawski, 1994. "Enterprise Reform in Chinese Industry," Journal of Economic Perspectives, American Economic Association, vol. 8(2), pages 47-70, Spring.
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    Cited by:

    1. Cauley, Jon & Cornes, Richard & Sandler, Todd, 1999. "Stakeholder incentives and reforms in China's state-owned enterprises: A common-property theory," China Economic Review, Elsevier, vol. 10(2), pages 191-206.
    2. Hao Shi, 2006. "L'évolution du "calcul économique en équipe" : un processus de légitimation des changements institutionnels en Chine," Working Papers 2006-4, Laboratoire Orléanais de Gestion - université d'Orléans.

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