主讲人：Loren Brandt, University of Toronto
主持人：张晓波教授
时间：2020年12月2日（周三）晚上20：00-21：30（北京时间）
zoom线上平台：Meeting ID: 960 6720 5089 Passcode: 525160
https://cornell.zoom.us/j/96067205089?pwd="c05nTDJKY01GYmo4eTVRZXRSbDFHdz09
题目：Ownership and Productivity in Vertically-Integrated Firms: Evidence from the Chinese Steel Industry
摘要：
We study productivity differences in vertically-integrated steel facilities using equipment-level information on inputs and output for each of the main stages in the value chain. We obtain stage-level productivity estimates by estimating a multi-stage production system and then integrate them into estimates for integrated facilities. At this level, we do not find statistically significant differences in productivity by ownership. This conceals important differences upstream and downstream in the value chain: Central SOEs outperform in sintering, but lag in pig-iron and steel making. Superior access to higher quality raw materials and automated technology are likely sources of these differences.
主讲人简介：
Loren Brandt is the Noranda Chair Professor in the Department of Economics at the University of Toronto specializing in the Chinese economy. He is also a research fellow at the IZA (The Institute for the Study of Labor) in Bonn, Germany. He has published widely on the Chinese economy in leading economic journals and been involved in extensive household and enterprise survey work in both China and Vietnam. With Thomas Rawski, he recently completed Policy, Regulation, and Innovation in China’s Electricity and Telecom Industries (Cambridge University Press, 2019), an interdisciplinary effort analyzing the effect of government policy on the power and telecom sectors in China. He was also co-editor and major contributor to China’s Great Economic Transformation (Cambridge University Press, 2008), which provides an integrated analysis of China’s unexpected economic boom of the past three decades. His current research focuses on issues of industrial upgrading in China, inequality dynamics, and economic growth and structural change.
