This paper begins by using a structure-conduct-performance perspective to show that partial reform improved the operation of China's state industries during the 1980s. The authors review the achievements of industries outside the state sector, emphasizing their links to the state sector. The...

This paper investigates the phenomenon of individual firms simultaneously developing and adopting technical change with varying factor biases. Firms in a large panel of Chinese industrial enterprise data exhibit three channels of technical change, each associated with different patterns of...

The reform of China's enterprise system increasingly reflects the outcome of China's emerging property rights market. We distinguish between a centrally-directed reform strategy, with characteristics similar to those of a Pigouvian tax, and a market-driven reform process, which captures the...