01717cas a2200253 a 4500 AALejournalIMF021587 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513571928 1018-5941 BD-DhAAL BD-DhAAL Jurzyk, Emilia. Resource Misallocation Among Listed Firms in China : The Evolving Role of State-Owned Enterprises / Emilia Jurzyk, Cian Ruane. Washington, D.C. : International Monetary Fund, 2021. 1 online resource (45 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students We document that publicly listed Chinese state-owned enterprises (SOEs) are less productive and profitable than publicly listed firms in which the state has no ownership stake. In particular, Chinese listed SOEs are more capital intensive and have a lower average product of capital than non-SOEs. These productivity differences increased between 2002 and 2009, and remain sizeable in 2019. Using a heterogeneous firm model of resource misallocation, we find that there are large potential productivity gains from reforms which could equalize the marginal products of listed SOEs and listed non-SOEs. Mode of access: Internet Ruane, Cian. IMF Working Papers; Working Paper ; No. 2021/075 Full text available on IMF http://elibrary.imf.org/view/journals/001/2021/075/001.2021.issue-075-en.xml IMF e-Library