Where have China’s state monopolies gone
Bibliographic Data
| ID | 12917789 |
|---|---|
| Authors | Paul Hubbard (0000-0002-4782-0511, Peking University, corresponding author) |
| Year | 2016 |
| Volume | 9 |
| Issue | 1 |
| Pages | 75-99 |
| Publication date | 2016-01-02 |
| Open Access | No |
| Type | ARTICLE |
| Venue | China Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 1753-8963 • E-ISSN: 1753-8971 |
| Publisher | Routledge (PUBLISHER • GB) |
| DOI | 10.1080/17538963.2016.1138695 |
| OpenAlex | W2253742732 |
| Language | EN |
| Citations received | 5 |
| References cited | 12 |
If China’s economy is an example of “state-capitalism,” then its large, state-owned enterprises (SOEs) could be expected to monopolize key sectors. But previous estimates of industrial concentration, using the Herfindahl—Hirschman Index (HHI), have suggested that the level of industrial concentration—and therefore the potential for the abuse of monopoly power—is very low. These studies have significantly underestimated HHI, since they do not consolidate subsidiary enterprises in Chinese survey data into larger business groups, or according to ultimate ownership. After making these adjustments, a measure of potential HHI shows that large state monopolies remain in oil and gas, electricity, tobacco and, potentially, automobiles. In particular, SOEs supervised by the central government are heavily invested in potentially concentrated industries. But aggregate profits of the state sector are driven more by the portfolio distribution of assets between resources, manufacturing and utilities, rather than industrial concentration within sectors
Business · Capitalism · China · Distribution (mathematics · Economics · Electricity · Government (linguistics · Index (typography · Industrial organization · Market economy · Monopoly · Portfolio · State (computer science · State capitalism · Corporate Finance and Governance · Engineering · Natural Resources and Economic Development · State Capitalism and Financial Governance · Finance
| Citations per year | 0.56 |
|---|---|
| Citation span | 2017 - 2023 (7) |
| Highly cited | No |