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Core
As mentioned before, the Chinese economy was dominated by the reign of the SOE before the reform of 1978. It was not apparent for the private sector to take an important role in the economy as a whole. However the situation has seemed to turn around in the most recent years, as SMEs & private
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enter, K. L., & Malatesta, P. H. (2001). State-owned and privately owned firms: an empirical analysis of profitability, leverage, and labor intensity. American Economic Review, 91(1), pp. 320~334.
Eckel, C., Eckel, D., & Singal, V. (1997). Privatization and efficiency: industry effects of the sale o
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Privately and Publicly Owned Sports Arenas and Stadiums. Chicago: Heartland Institute.
Grover, S. (1993). Managing the Public Sector, 4th ed. Belmont, California: Wadsworth Publishing Company.
Levy, Frank, Meltsner, Arnold & Wildavsky, Aaron. (1974). Urban Outcomes: Schools, Streets and Libraries. B
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owned enterprises in market economies”, Journal of Economic Surveys 8, 1994, pp. 283-309.
Matsumura, T., “Partial privatization in mixed oligopoly”, Journal of Public Economics 70, 1998, pp. 473-483.
Meyer, R., “Publicly owned versus privately owned utilities: a policy choice”,
Review of Economics a
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