The Impact of Competition and Labor Remuneration on Profitability in China's Industrial State-owned Enterprises

China's industrial state-owned enterprises (SOEs) have seen a secular decline in profitability throughout the reform period. Barry Naughton argues that this decline was in large part due to a decline in monopoly rents as competition with enterprises in other ownership forms increased. Fan Gang and Woo Wing-Thye, on the other hand, contend that profitability declined across all sectors independent of the degree of competition, and that excessive labor remuneration accounts for the broad decline in SOE profitability. Testing the two hypotheses with aggregate sectoral and provincial data from the mid-1980s to the late-1990s, neither appears convincing. Yet at closer inspection these are not competing hypotheses. The two causes affect overall profitability through different channels. Competition and labor remuneration have a highly significant impact on intermediate profitability measures that take the two channels into account separately. Together they explain most of the variation in overall profitability.     

新型科技 经济民主 国企改革

20世纪后50年的科技革命,一方面带来人类整体经济事业的快速进步,另一方面促成经济民主潮流的壮观涌动。经济民主既是当代经济发展的必然结果,也是当代经济发展的加速器,两者相辅相成,构成现代社会发展的重要特征。在一定意义上,如果当代科技革命是风,现代企业是船,那么经济民主就是水,在此背景下,研究新型科技、经济民主与现代企业王者之间的关系无疑构成了把握现代企业发展规律,探索有中国特色社会主义企业道路的重要内容。一、新型科技革命对经济民主的催生经济民主一词在西方民主理论中频频出现,也引起了中国学术界和实业界…     

Reform: The Way Out for State-owned Enterprises

CHINATodayhascarriedmanyreportsaboutChina'sstate-ownedenterprises.Inthisissuewerecommendtoourreadersthearticle"ChinaPromotesStateEnterpriseReform."China'sstate-ownedenterprisesareexperimentingwithmanymodesofreforminordertobecomeprofitable.WeemphasizethisarticlebecausemanyreadersareawareofthepredicamentofChina'sstate-ownedenterprises,whichplaysodecisivearoleinthedevelopmentofChi..i.economyandthesuc-cessofeconomicreform.State-ownedenterprisesprovide60percentofnationalrevenues,employtwo-thi…     

国有企业改革的目标与路径

国企改革的目标是建立现代企业制度,这早已成为共识;产权改革是国企改革的一个有效途径,而不是唯一途径,是达到目的的一种手段,而不是目的本身.国企改革不是为了改革而改革,而应当注重经济效率的提高和改革成本的降低,实现社会约束条件下的效益最大化.本文以产权理论和超产权理论为基础,对国企改革的目标和路径选择进行了解析,思考了国企改革过程中所存在的一些突出问题,并进一步探讨了完善改革的可循途径.     

广西农垦产业园区建设初探

农垦产业园区开发建设是广西农垦发展壮大的基本方向。广西农垦拥有丰富的土地资源,要将广西农垦丰富的资源变成资产、资本,产业园区开发建设具有不可低估的重大意义。广西农垦产业园区建设现已取得一定成效,但困难和问题不少,必须通过政府支持和深化改革,理顺相关管理体制,多方互动才能促进产业园区快速健康发展。     

国有企业反腐败长效机制的 构建路径

十八大以来,国有企业反腐败工作和党风廉政建设取得了重大成效。从本质上看,国有企业的腐败问题,包括国有企业党的建设"弱化、虚化、边缘化"的问题,一个重要的根源来自其特殊政治定位下的公司治理结构。党的领导难以在现有国有企业治理结构、组织架构和制度环境中与公司治理逻辑统一起来,造成国有企业党的工作和党风廉政建设的理论与实践悖论。构建国有企业反腐败长效机制,关键在于探寻反腐败过程中制度缺失和机制弱化的原因,从顶层设计中创新国有企业治理结构和组织架构,为反腐败和党风廉政建设寻找新的组织依托和制度供给。在此基础上,进一步规范监督机构设置、统一配套制度、完善工作机制,构建"全覆盖""大贯通"的国有企业纪检监察体系格局,推动国有企业改革的持续深化。     

国企改革与国有资产管理体系改革

目前国企改革要研究的并不是要不要改,而是怎么改的问题.其中涉及到怎样看待资产重组、资产定价和资产流失问题.国有资产管理体系的改革着力要解决的是怎么有进有退、怎么做决策、谁来做决策的问题.对这些问题要有正确认识.要解放思想,进一步为国企改革和国有资产管理体系的改革创造条件.     

我国工业经济结构调整的思路与对策

工业结构不合理是长期制约我国工业发展的重要原因.当前工业结构存在的主要问题是,制造业的结构水平低,企业数量多但经济规模小以及设备陈旧落后,技术水平低、产品质量差等.加快工业发展就必须对其结构进行战略性调整.根据工业化过程中工业结构演进的一般规律和我国经济发展的目标要求,工业结构调整的思路是,在保持基础工业稳定增长的基础上,重点加快机械、电子、汽车、石化和建筑业等支柱产业的发展;调整、改造和提高轻纺工业等.调整工业结构需要有政策措施提供保证,对此,本文提出了一些对策建议.     

China's Economic Readjustment

Domestic economists are increasingly worried about the contingencies of the global financial crisis in China.Compared to their counterparts,China's financial institutions have remained relatively intact,because the country's financial system is less integrated in the global markets.Still,the damages on the mainland cannot be ignored.In an essay that was published in the China Securities Journal recently,Ba Shusong,Deputy Director of the Financial Research Institute of Development Research Center under the State Council,gave his assessment of the country's current status amid the global financial turmoil and offered suggestions on how China could weather the storm.The entire article follows:     

Revitalizing China's Industrial Cradle

New efforts are being taken to build northeast China's old industrial base into a prominent economic pole The State Council released Some Opinions on Further Implementing the Strategy on Revitalizing Northeast and Other Old Industrial Bases (the     

经济全球化下的中国国际经济责任

经济全球化下,随着中国经济国力的日渐提升,特别是在世界经济中大国地位的逐步确立,中国的对外开放战略应该尽快由利益取向转向责任取向,中国的国际经济责任应该尽快由基本的国际责任转向大国国际责任。     

国有企业分配制度改革之反思

"确立资本、劳动、技术和管理等生产要素按贡献参与分配的原则,完善按劳分配为主体、多种分配方式并存的分配制度,"是对中国社会现阶段基本分配制度的理论突破.根据这一要求、考察中国国有企业分配制度改革的现状并对其进行客观评析,有利于进一频道明确国有企业分配制度改革的具体思路.     

China's Future Economic Regionalization

This paper investigates China's economic growth potentials and limitation up to 2020 and recommends a trend of economic regionalization. A sustainable growing economy is a necessity for China's future stability. The growth sustainability of the Chinese economy depends essentially on its continued commitments to institutional reform and economic deregulation. China's relaxation of government intervention in economic activities has led and will be leading China to decentralize its central governmental authority over economic planning and control. This will consequently stimulate the emergence of regional economies in Mainland China. In the next two decades, there will likely be 10 regional economies with relatively independent industrial structures emerging in Greater China (or the Chinese Economic Area of Hong Kong, Macao, Taiwan and the Mainland) as a result of economic liberalization and decentralization.     

China's Unbalanced Economic Growth

This paper summarizes empirical findings and results from the author's most recent research publication in Chinese: China's Unbalanced Economic Growth. It studies China's economic growth with a special emphasis on its regional disparities. It provides an analysis of China's overall economic landscape as well as an empirical study of China's unbalanced regional development. Based on its quantitative findings and results, the author predicts the emergence of ten Chinese metropolitan economies in the early twenty-first century and recommends a regional development strategy as well as implementation policies for China's future development. The major empirical findings, results and conclusions of this research are outlined in three sections: the first describes China's economic future—the emergence of ten regional metropolitan economies, the second reports the empirical findings of China's national and regional economic disparities and discusses policy implications, and the third investigates China's future economic growth and discusses its growth limitations.     

努力改善企业兼并中的政府干预行为

企业兼并这一市场行为,在市场经济体制尚未发育成熟期,离不开政府的有效指导。但是,这种干预,必须是合理运用行政手段,增强干预的规范性,强化宏观政策对企业兼并的调控,为企业兼并提供一个良好的经济环境。     

中国民营经济三十年之发展

我国民营经济经过三十年的发展,取得了巨大成就,在国民经济和社会发展中占有重要的地位,起着不可替代的作用。但是我国民营经济在发展过程中仍然存在一些问题,如行政执法和司法监督中的不公正问题、社会公共服务不完善及民营经济自身发展素质局限等问题。民营经济的进一步发展必须从社会层面和民营企业自身层面两方面努力,消除阻碍民营经济更快发展的各种因素。     

谈我国国企企业家队伍建设问题

我国的企业家产生、成长、淘汰还没有一个完整的制度体系。要建设一支优秀的企业家队伍 ,应从产权制度改革 ;优化市场评价机制 ,建立和完善企业家市场 ;完善激励机制 ;实行企业家岗位职业化等方面进行制度创新     

30年国企改革与中国崛起

中国改革开放悠悠30载,所涉难题无数,最难莫过于国有企业改革。国有经济对于中国社会生存、发展和进步的基础性作用,决定了中国国有企业的生存发展状况对整个中国社会及其上层建筑的存在与发展具有极其重大的意义。在中国,搞好国有企业改革不仅是一切经济改革工作的核心和关键,而且国企改革的成败还制约甚至决定着整个社会、民族的命运发展。     

国有企业经理人权力约束机制初探

加强对国有企业经理人的激励与约束,这既是当前国有企业改革所面临的重要问题,也是建立现代企业制度的深远课题.本文在评述我国国有企业经理人权力约束现状存在问题的基础上,对我国国有企业经理人权力约束机制的完善提出了建议.     

论经济全球化与中国的现代化

中国人对现代化的追寻已有百余年的历史,直到1978年,我们才真正找到一条符合中国国情的现代化道路.现代化既是一个历史性范畴,也是一个世界性范畴,因此,我们的现代化必须在开放的状态下完成.对外开放是我们的必然选择,中国必须融入经济全球化的潮流,经济全球化在给我们的现代化带来机遇的同时,也会带来挑战.对此,我们必须有足够清醒的认识,并采取相应的对策,以趋利避害.