The efficiency and macroeconomic consequences of Chinese enterprise reform

A Multitask Theory of State Enterprise Reform

“…For the debate on China's SOE reform, see Woo et al (1993), Woo et al (1994), and Bai et al (1997). 15 See Kornai (1992) for a philosophical discussion of this view.…”

Chinese Industrial Productivity: Trends, Measurement Issues, and Recent Developments

“…As we shall see, results for the state sector appear statistically robust; those showing dramatic productivity gains for the collective sector are more sensitive to data errors. Woo et al, 1994b;Woo et al, 1994a;Sachs and Woo, 1994). 8 Their objections emphasize three issues: the deflation of intermediate inputs, unexpected declines in the implicit price index for industrial value-added, and upward bias in estimates of real output growth.…”

Recent Claims of China's Economic Exceptionalism: Reflections Inspired by WTO Accession

“…The notion that SOEs are generally unreformable and hence needed to be privatized has been, and still is, 12 an issue of great debate among China analysts, as exemplified by the exchange between Jefferson, Rawski, and Zheng (1994) and over Woo, Fan, Hai, and Jin's (1993) rejection of Jefferson, Rawski, and Zheng's (1992) finding of positive total factor productivity (TFP) growth in the SOE sector.…”

“…The Woo et al -Jefferson et al debate started with the observation in Woo et al (1993) and that the estimated deflators for value added in Naughton (1994, 1995) and Jefferson et al (1992), three studies that found large positive TFP growth in the 1980-1989 period, declined secularly over their sample periods when the consumer price index (CPI) rose steadily. Such opposite trends between the CPI and the value-added deflators (VAD) created by Jefferson et al's and Groves et al's deflation methods is troubling because such occurrences are internationally unprecedented.…”