Fast-Falling Barriers and Growing Concentration : The Emergence of a Private Economy in China

Sean Doughertyi ; Richard Herdi iOECD

Organisation for Economic Co-operation and Development

关键词: firm microdata;    transition;    market economy;    restructuring;    regional concentration;    private sector;    productivity;   

DOI  :  https://doi.org/10.1787/470526613141

学科分类：社会科学、人文和艺术（综合）

来源: OECD iLibrary

【 摘 要 】

This paper assesses the progress of China’s transition toward a market economy by examining the structure of ownership, productivity, and profitability, as well as the concentration of production across firms, industries and regions. It does this by analyzing a database of firm microdata of the quarter of a million industrial companies in operation during the 1998–2003 period. Results show that the private sector now accounts for more than half of industrial output, compared with barely more than a quarter in 1998, and operates much more efficiently than the public sector. Higher productivity has fed through to profitability, motivating greater regional specialization of production. These changes are consistent with what would be expected in a market-based economy, and suggests that reforms are making rapid progress. This Working Paper relates to the 2005 OECD Economic Survey of China (www.oecd.org/eco/surveys/china).