Efficiency and Firm Ownership: Some New Evidence

被引：1

作者：

Zhiqiang Liu

机构：

[1] State University of New York at Buffalo,Department of Economics

来源：

Review of Industrial Organization | 2001年 / 19卷 / 4期

关键词：

Efficiency; productivity growth; state ownership;

D O I：

10.1023/A:1012500210044

中图分类号：

学科分类号：

摘要：

The paper investigates the effect of state ownership on efficiency of firmsusing an econometric model that allows for the separation of technical from allocative efficiency in adynamic setting. The estimation results, based on a sample of international airlines, suggest that state ownershipis associated with lower technical and allocative efficiency. State ownership's effect on technical efficiencyis mainly a dynamic one – lowering the rate of cost decline, whereas its effect on allocativeefficiency is static – raising the level of costs. Thus lower technical, rather than allocative, efficiency isthe main reason for state-owned firms to be less efficient than their private counterparts.

引用

页码：481 / 496

页数：15

共 25 条

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