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State ownership, quality of sub-national governance, and total factor productivity of firms in Vietnam
Post-Communist Economies ( IF 2.126 ) Pub Date : 2020-09-02 , DOI: 10.1080/14631377.2020.1793608
Quang Canh Le 1 , Thi Phuong Thu Nguyen 1 , Tuyet Nhung Do 1
Affiliation  

ABSTRACT

Inter-firm productivity differences are not only explained by internal and external institutions, but also interactions between them. Using data adapted from enterprise surveys and Provincial Competitiveness Index (PCI) surveys 2011–2017, this study investigates the impacts of ownership, quality of sub-national governance, (proxied by corruption control and transparency), and their interactions on total factor productivity (TFP) of firms in Vietnam. The empirical findings indicate that: (i) state ownership is negatively associated with TFP; (ii) corruption control hinders TFP, but the interaction of corruption control and state ownership benefits the TFP of state-owned enterprises (SOEs) more than that of private counterparts; and (iii) transparency is positively associated with TFP, and transparency promotes the TFP of private enterprises more than that of SOEs. The empirical results shed light on policy designs that should accelerate SOE reforms and improve the quality of governance to enhance TFP in a transition economy like Vietnam.



中文翻译:

国家所有权,地方治理的质量以及越南企业的全要素生产率

摘要

企业间生产率的差异不仅由内部和外部机构来解释,而且还由它们之间的相互作用来解释。本研究使用企业调查和2011-2017年省竞争力指数(PCI)调查改编的数据,调查了所有权,地方治理质量(受腐败控制和透明度的影响)及其对全要素生产率的影响( TFP)在越南的公司。实证结果表明:(i)国家所有权与全要素生产率负相关;(ii)腐败控制阻碍了全要素生产率,但是,腐败控制与国家所有权的相互作用使国有企业的全要素生产率比私有企业更受益于全要素生产率;(iii)透明度与全要素生产率有正相关关系,透明性比国企更能促进民营企业的全要素生产率。实证结果为政策设计提供了启示,这些政策设计应加快国有企业改革并提高治理质量,以在越南这样的转型经济体中提高全要素生产率。

更新日期:2020-09-02
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