Small Privately-Owned and Large State-Owned Manufacturing Firms in Vietnam: A Productivity Comparison for 2000-2005

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This paper uses data on individual manufacturing firms for 2000-2005 and estimates separate stochastic production frontiers for private and state firms in Vietnam. The primary objective is to compare these firms' productivity in terms of their production frontiers and technical efficiency. The empirical results show that the average private firm has a production frontier that is 39% lower and technical efficiency that is 3% higher than the average state firm. Consequently, state firms are inferred to have considerably higher productivity than that of private firms. State firms have a higher production frontier because access to flexible state credit allows them to maintain the quality of their machinery and equipment. In addition, they have priority rights to utilize natural resources, only profitable firms were left after the restructuring and dissolution of state firms, and these firms are likely to have greater management ability or R&D investment. These results imply that the Vietnamese government employed policies favoring state firms. To increase private firms' productivity, the state should give them rights similar to those granted to state firms. Otherwise, the manufacturing sector will not achieve its productivity potential; rather, it will face serious stagnation and impede Vietnam's development.

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  • 経済科学

    経済科学 62 (1), 45-67, 2014-06-30

    名古屋大学大学院経済学研究科

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