Economic Reform and State-Owned Enterprises in China, 1979-87

by Hay, Donald; Morris, Derek; Liu, Guy; Yao, Shujie

• ISBN13: 9780198288459
• ISBN10: 019828845X
• Format: Hardcover
• Copyright: 1994-10-20
• Publisher: Clarendon Press

Summary

This book is the result of a large-scale investigation through detailed questionnaires of China's reform process over the years 1979-87. It analyzes China's gradualist transition to a market economy, and concludes that, although the reform program has been a qualified success, further progress requires the introduction of private ownership. Both D.A. Hay and D.J. Morris approach this subject from a strong industrial organization perspective.

Author Biography

Donald Hay is Fellow and Tutor in Economics, Jesus College, Oxford

Table of Contents

Studies on Contemporary China	p. ii
Foreword	p. v
Preface	p. ix
Economic Reform and State-Owned Manufacturing Enterprises	p. 1
The Enterprise Reform Programme in China Since 1979	p. 3
	p. 38
	p. 39
The Behaviour of Chinese Manufacturing Enterprises: a Survey of Managers	p. 40
Summary of Findings	p. 73
Conclusions	p. 75
Conclusions	p. 76
Enterprise Decision-Taking: Output and Prices	p. 80
Enterprise Decision-Taking: Employment and Wages	p. 81
Enterprise Decision-Taking: Employment and Wages	p. 82
Enterprise Autonomy and Incentives	p. 83
Modelling the Behaviour of the Chinese State-Owned Enterprises During the Reform Period, 1980-1987	p. 115
Employment and Wages	p. 119
Productive Efficiency and Costs	p. 157
Conclusions	p. 200
the Data	p. 202
Profits and Profit Margins	p. 209
Flow of Funds Analysis	p. 249
Conclusions	p. 276
	p. 277
	p. 278
	p. 280
Investment Behaviour	p. 281
Conclusions	p. 300
Notes	p. 302
The Interaction of Financial and Expenditure Decisions	p. 303
The Soft Budget Constraint	p. 323
Conclusions	p. 362
Notes	p. 365
A Complete Model of the Firms and Policy Simulations	p. 366
Conclusions	p. 397
Note	p. 399
Options for Reform	p. 401
Ownership Reform Issues	p. 403
Note	p. 458
Characteristics of the Sample and Data Consistency	p. 461
References	p. 479
Index	p. 485
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