State Control, Entrepreneurship and Resource Allocation
Date
2014
Authors
CHU, Son Ngoc
Song, Ligang
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Volume Title
Publisher
ANU Press
Abstract
State-led resource allocation has been an important part of China�s economic reform strategy, having exerted substantial effects on the survival of stateowned enterprises (SOEs) and the evolution of private enterprises. Focusing on capital, land, energy and utilities as key resources, we examine how the state has changed and reformed the institutional systems governing the supply and distribution of these resources during the market reform process. At the same time, we investigate how enterprises of different ownership types have responded to access these resources. Differences in firm behaviours and responses across the sectoral and ownership patterns of investment activities, asset and output shares, and profit and productivity performance are examined. This sheds light on the puzzle of China�s high economic growth with rapid expansion of the private sector in the total economy, but accompanied by the continuing predominant role of SOEs in some of the key sectors in the economy such as oil, petrochemicals, aviation, steel, coal, finance, telecommunications and railways.
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Source
Deepening Reform for China's Long-term Growth and Development
Type
Book chapter
Book Title
Deepening Reform for China's Long-term Growth and Development
Entity type
Access Statement
Open Access via publisher website