At the heart of China's economic transition is the privatisation reform launched in the late 1990s. This thesis identifies the driving force behind the dynamics, characterising the privatisation story in China, in terms of the shrinkage of state sector. Nine hypotheses are established to test the influence of a variety of factors across macroeconomic environment, microeconomic condition and the context of political economy. Two panel datasets, generated from public data sources with respectively 450 and 3,300 observations during the period from 1994 to 2008, are analyzed by system general method of moments (system-GMM) in a dynamic specification. New empirical evidence adds to our understanding of privatisation in China by rejecting a uniformly consistent path, but highlighting its enormous complexity, captured in its evolutionary, regionally and sectorally diverse nature. The process of privatisation appears to be multi-dimensional, which not only reflected a centrally-determined national policy, but was played out as a drama in which the principal actors were the central reformers, local bureaucrats, enterprise managers, bank lenders and private investors.
| Identifer | oai:union.ndltd.org:bl.uk/oai:ethos.bl.uk:605707 |
| Date | January 2014 |
| Creators | Chen, Charles I.-hsin |
| Publisher | SOAS, University of London |
| Source Sets | Ethos UK |
| Detected Language | English |
| Type | Electronic Thesis or Dissertation |
| Source | http://eprints.soas.ac.uk/18444/ |
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