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East Asian Economic Review Vol. 13, No. 2, 2009. pp. 203-227.

DOI https://dx.doi.org/10.11644/KIEP.JEAI.2009.13.2.206

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Productivity (TFP) and Competitiveness of Listed Firms in China

Author

Moosup Jung

Samsung Economic Research Institute;University of Seoul

moosup.jung@samsung.com

Min-Chan Pyo

minpyo@uos.ac.kr
Creative Commons Attribution License

EAER is an open access journal distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license.

Abstract

This paper measured the Total Factor Productivity (TFP) of listed firms in the China stock market by employing the balanced panel data from 1999 to 2007. According to the findings, the TFPs of Chinese firms have increased considerably especially in machinery, electric and electronics, telecommunication, and automobile industries which are major exporting industries in Korea. The findings also show that the TFP gap between large and small firms has increased since 1999. The TFP gap between large and small firms was 9.7 points in 1999, increasing to 14.9 points in 2007. In addition, we found that the TFP growth rate of the leading firm in each industry is much lower than those of followers which may become potential competitors to Korea exporting firms.

JEL classification: Q12, L51, L53

Keywords

China, Productivity, Competitiveness

Language

Korean

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