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How State-owned Enterprises Drag on Economic Growth

Theory and Evidence from China

  • Book
  • © 2019

Overview

Authors:
  1. Ruiming Liu

    1. National Academy of Development and Strategy, Renmin University of China, Beijing, China

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  • Redefine the efficiency loss of SOEs, to explore possible ways in which SOEs impede economic growth and thus to provide consistent explanations for the phenomena during the China’s reform

  • Gives very clear policy recommendations: in order to achieve healthy and fast economic development, we must unswervingly carry out reform of SOEs

  • Provides accurate data and reasoned conclusions based on in-depth investigations

  • Contributes to China's SOE reform

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Table of contents (7 chapters)

  1. Front Matter

    Pages i-xvii
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  2. China’s SOEs’ Efficiency Losses: A Survey

    • Ruiming Liu
    Pages 1-34

  3. Survival Predicament, Soft Budget Constraints and Economic Growth Cumbrance: Mechanism I

    • Ruiming Liu
    Pages 35-52

  4. Financial Repression, Ownership Discrimination and Economic Growth Cumbrance: Mechanism II

    • Ruiming Liu
    Pages 53-71

  5. SOEs, Invisible Subsidy and Market Segmentation: Mechanism III

    • Ruiming Liu
    Pages 73-95

  6. Upstream Monopoly, Asymmetric Competition and Social Welfare: Mechanisms IV

    • Ruiming Liu
    Pages 97-113

  7. Ownership Structure, Growth Differences and Regional Disparities: Mechanism V

    • Ruiming Liu
    Pages 115-138

  8. Conclusions

    • Ruiming Liu
    Pages 139-142
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Keywords

About this book

Using a series of studies, this book shows that ownership structure plays a major role in the national economy as a whole. Inefficient State Owned Enterprises (SOE's) damage the development of private enterprises and overall economic growth in various ways. The policy implications are very clear: in order to achieve healthy and fast economic development, there must be a radical reform of SOEs. Moreover, the aim of the SOE reform is not just to highlight the enterprises’ efficiency, but also create favorable conditions for financial deregulation, elimination of market segmentation, weakened market monopoly, and balanced regional economic development. The book argues that SOE reform is pivotal to stimulating general economic reform and development in order for China to achieve a smooth transition to a mature market economy.

Authors and Affiliations

  • National Academy of Development and Strategy, Renmin University of China, Beijing, China

    Ruiming Liu

About the author

Ruiming Liu, Ph.D., is a professor in National Academy of Development and Strategy, Renmin University of China. He received a doctor’s degree in Fudan University in 2011. His research has focused on the political economy of China's economic growth, the efficiency of state-owned enterprises and economic growth. This book is the PhD thesis of Ruiming Liu, it won the 6th Mundell-Huang Prize.

Bibliographic Information

  • Book Title: How State-owned Enterprises Drag on Economic Growth

  • Book Subtitle: Theory and Evidence from China

  • Authors: Ruiming Liu

  • DOI: https://doi.org/10.1007/978-3-662-59188-8

  • Publisher: Springer Berlin, Heidelberg

  • eBook Packages: Economics and Finance, Economics and Finance (R0)

  • Copyright Information: Truth and Wisdom Press and Springer-Verlag GmbH 2019

  • Hardcover ISBN: 978-3-662-59186-4Published: 08 May 2019

  • eBook ISBN: 978-3-662-59188-8Published: 24 April 2019

  • Edition Number: 1

  • Number of Pages: XVII, 142

  • Number of Illustrations: 3 b/w illustrations, 7 illustrations in colour

  • Topics: Development Economics, Economic Growth, Economic Policy

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