000			01451pab a2200181 454500
008			180718b2004 xxu||||| |||| 00| 0 eng d
100			_aShiraishi, Maho
245			_aEfficiency of Chinese township and village enterprises in the 1990s based on micro data for WUXI city, 1991-97
260			_c2004
300			_ap.421-52.
362			_aSep
520			_aWe examine the (technical) efficiency of collective-owned township and village enterprises (COTVEs) in Wuxi City, China, after 1990 to study whether the acknowledged success of township and village enterprises continued in the late 1990s. Our results suggests that COTVEs did not decline in relative efficiency compared with other types of enterprises in the late 1990s, but that their productivity leveled off or declined. Furthermore, we find that COTVEs faced with a more serious shortage of working capital had a lower efficiency after the mid-1990s recession. These findings cast doubt on the view that the vaguely specified property rights of COTVEs are responsible for their declining performance problems during the period just before 1998 when massive privatization began. Privatization of COTVEs without other macroeconomic policy changes may now be insufficient to cope effectively with their declining productivity. - Reproduced.
650			_aUrban development - China
650			_aUrban development
700			_aYano, Go
773			_aDeveloping Economies
909			_a62908
999			_c62908 _d62908