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- W2000844028 abstract "This paper estimates the relative efficiency of locally-controlled urban collective and provincially-controlled state-owned enterprises in the Chinese construction industry between 1985 and 1988, a period following significant economic reforms. A generalized restricted translog cost function approach is used which allows for both fixed and variable factor choices to deviate from profit-maximizing outcomes. Results indicate that collectives were less efficient in this sample than state-owned enterprises in the use of variable inputs, and this gap was not closing by 1988. State-owned enterprises were, however, much less efficient in the use of capital, even when the measure of capital is adjusted for a relatively higher percentage of nonproductive investment. For both sectors of Chinese construction, the growth rate of total factor productivity (or average technical efficiency) rose to approximately four percent per year by 1988, but this improvement did not extend to more cost-efficient combinations of inputs." @default.
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- W2000844028 date "1994-01-01" @default.
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- W2000844028 title "Relative efficiency in Chinese urban construction: A comparison of state-owned and collective enterprises after reform" @default.
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- W2000844028 doi "https://doi.org/10.1016/1043-951x(94)90021-3" @default.
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