Privatisation and Productivity Growth

研究结果我们认为，国有企业（SOEs）的运营可能会将经济锁定在资源配置效率低下的状态。我们试图了解私有化政策何时以及在何种条件下可以作为一种工具，通过将资源释放到更具创新性的经济部门来恢复配置效率并提高总生产率。因此，本提案针对本次会议的主题“创新与生产率增长”，提出以下问题，对私有化对LIC的生产资源配置的影响进行首次实证分析：1.私有化如何影响与私有化国有企业有劳动力和投入市场联系的其他私营企业的生产率？2.市场和监管环境如何与私有化相互作用？我们将研究一些政策特点，可能条件的影响，私有化，包括劳动立法和贸易openings.Methods和DataOur的实证策略，利用大事件的私有化在印度，开始于20世纪90年代初。我们将利用年度行业调查的数据以及家庭就业调查的数据，并将这些数据与印度私有化的数据联合收割机结合起来。我们认为，在印度的私有化事件可以被认为是外部冲击的公司，接近私有化的实体。为了确定劳动力市场的影响，我们利用了这样一个事实，即从地理上讲，印度的劳动力流动性很低，劳动力市场也很独特。通过比较因民营化而减少公营部门的地区的工厂的生产率和劳动力市场结果的变化，与没有变化的地区的生产率和劳动力市场结果的变化，可以确定和估计民营化的效果。同样，为了确定投入市场联系产生的影响，我们将比较投入市场中暴露于私有化的行业与未暴露于私有化的行业的生产率。传播计划本项目的预期产出将包括2-3篇学术论文，介绍我们对印度私有化影响的分析。然后，我们将在这些研究结果的基础上制定一份政策文件，应用所吸取的经验教训，提供可以指导孟加拉国私有化政策的建议。这份政策文件和相关的政策简报将在孟加拉国的政策界和学术界广泛传播。

Research QuestionsWe suggest that the operation of state-owned enterprises (SOEs) may lock an economy into an inefficient allocation of resources. We seek to understand when and under what conditions privatisation policy can serve as an instrument to restore allocative efficiency and improve aggregate productivity by releasing resources to more innovative sectors of the economy. This proposal therefore addresses the "Innovation and Productivity Growth" theme of the call.We propose to conduct the first empirical analysis of the effects of privatization on the allocation of productive resources in an LIC, addressing the following questions: 1. How does privatisation impact the productivity of other private enterprises that have labour and input market linkages with the privatized SOE? 2. How do the market and regulatory environments interact with privatisation? We will examine a number of policy features that are likely to condition the effects of privatisation, including labor legislation and trade openness.Methods and DataOur empirical strategy makes use of large episodes of privatization in India, starting in the early 1990s. We will utilize data from annual industry surveys, as well as data from household employment surveys, and combine these with data on privatisation in India. We argue that the episodes of privatisation in India can be thought of as exogenous shocks to firms that were proximate to the privatized entities. To identify labour market effects, we take advantage of the fact that geographically, labor mobility in India is low, and labour markets are distinct. A comparison of changes in productivity and labour market outcomes for factories in districts that saw a reduction in the public sector due to privatization, with the corresponding changes in productivity and labor market outcomes in districts that experienced no changes will allow us to identify and estimate the effects of privatization. Similarly, to identify effects arising through input market linkages, we will compare productivity in industries that were exposed to privatisation in their input markets to industries that were not exposed. Dissemination PlanThe expected outputs of this project will include 2-3 academic papers presenting our analysis of the effects of privatisation in India. We will then build on these findings to develop a policy paper that applies the lessons learnt to provide recommendations that can guide privatisation policy in Bangladesh. This policy paper and related policy briefs will be disseminated widely in the policy and academic community in Bangladesh.