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

Hardcover | December 1, 1990

byDonald Hay, Derek Morris, Guy Liu

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This book is an investigation into China's reform process during the period 1979 to 1987, with especial reference to the effect of the process on the industries (mostly manufacturing) that are still owned by the state. The data on which this book is based results from a large-scale study inwhich the authors collaborated with the Institute of Economics of the Chinese Academy of Social Sciences in Beijing. This was a survey of the managers of about 380 enterprises, documenting their responses to the new environment created by the reforms. The statistical information gained has been usedas the basis for detailed econometric analysis. This book analyses, drawing on the authors' expertise in industrial economics, virtually every aspect of enterprise behaviour - production and costs, employment, profit margins and profitability, finance, investment decisions, and autonomy. It asks whether the reform programme was successful in thestate-owned sectors, and concludes that the answer is a qualified `yes', and that in many respects the enterprises began in the eighties to behave like Western firms. Hay and Morris also construct a model of Chinese state-owned enterprise, and use it to simulate the results of further reform programmes. The authors conclude that state-ownership remains a major constraint on market-led behaviour and efficiency. They argue that the next stage of reform must be totransfer these large enterprises to share- rather than state-ownership.

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From the Publisher

This book is an investigation into China's reform process during the period 1979 to 1987, with especial reference to the effect of the process on the industries (mostly manufacturing) that are still owned by the state. The data on which this book is based results from a large-scale study inwhich the authors collaborated with the Instit...

From the Jacket

Economic Reform and State-Owned Enterprises in China is a comprehensive and detailed investigation into China's reform process during the period 1979 to 1987, with especial reference to the effect of the reforms on the industries (mostly large-scale) that are still owned by the state. The data on which this book is based resulted from ...

Donald Hay is a Fellow and Tutor in Economics at Jesus College, Oxford. Derek Morris is a Fellow and Tutor in Economics at Oriel College, Oxford.

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Format:HardcoverDimensions:508 pages, 9.21 × 6.14 × 1.3 inPublished:December 1, 1990Publisher:Oxford University Press

The following ISBNs are associated with this title:

ISBN - 10:019828845X

ISBN - 13:9780198288459

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`Hay and co-authors provide a significant, multi-faceted entry into the already substantial body of sophisticated statistical work on Chinese enterprises ... those interested in the progress of the economic reforms in the industrial sector need not miss, and should not overlook, the majorconclusions which are, fortunately, fairly clearly laid out in the conclusions to each chapter ... their work contributes valuably setting out the puzzle that future work must strive to explain.'Louis Putterman, China Quarterly, Vol. 146, June '96