Discussion Paper Details

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Title: How Transition Paths Differ: Enterprise Performance in Russia and China

Author(s): Sumon Kumar Bhaumik and Saul Estrin

Publication Date: February 2005

Keyword(s): enterprise performance and privatization in Russia and China

Programme Area(s): Institutions and Economic Performance

Abstract: We use enterprise data to analyse and contrast the determinants of enterprise performance in China and Russia. We find that in China, enterprise growth and efficiency is associated with rapid increases in factor inputs, but not correlated with ownership or institutional factors. However, in Russia, enterprise growth is not associated with increases in factor quantity (except for labour) or quality. The main determinants of company performance are instead demand and institutional factors at a regional level. We explore possible interpretations of these results, including the impact of institutional and managerial quality.

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Bibliographic Reference

Bhaumik, S and Estrin, S. 2005. 'How Transition Paths Differ: Enterprise Performance in Russia and China'. London, Centre for Economic Policy Research.