Productivity Growth and Firm Ownership: An Analytical and Empirical Investigation
通过构建内生生产率增长模型，利用1973-83年23家国际航空公司的面板数据，分析国有与私有所有权对企业生产率增长和成本下降的影响，发现国有所有权会降低长期生产率增长率，但不一定影响短期水平。
The authors focus on the effect of state versus private ownership on the rates of firm-specific productivity growth and cost decline by developing a model of endogenous, firm-specific productivity growth and testing its implications against panel data on twenty-three international airlines of varying levels of state ownership over the period 1973-83. Their model and empirical results show that state ownership can lower the long-run annual rate of productivity growth or cost decline but not necessarily their levels in the short run. The analysis offers new insights concerning the recent trend toward privatizing state-owned enterprises that has been observed in many countries. Copyright 1994 by University of Chicago Press.