search query: @author Li, Z. / total: 3
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| Author: | Lin, J. Cai, F. Li, Z. |
| Title: | Competition, policy burdens, and state-owned enterprise reform |
| Journal: | American Economic Review
1998 : MAY, VOL. 88:2, p. 422-427 |
| Index terms: | COMPETITION POLICY ECONOMICS |
| Language: | eng |
| Abstract: | One of the most important remaining issues in China's transition to a market economy is the reform of state-owned enterprises (SOEs). When reforms started in late 1978, SOEs dominated China's industrial sectors in every aspect. In this paper the authors argue that the root of the SOE problem is the separation of ownership and control and that the often-criticized soft-budget constraints arise from various state-imposed policy burdens, which make the state accountable for the poor performance of SOEs. |
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