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sidenav header background[3月30日]管理学workshop
发布日期：2017-03-30 07:32 来源：北京大学国家发展研究院
Hayek, Local Information, and Commanding Heights: Decentralizing State-Owned Enterprises in China
Time：March 30, 2017 (Thursday) 10:00am -11:30am
Location: Zhifuxuan Conference Room, National School of Development, Peking U.
Speaker: Lixing Li(李力行), Associate Professor, National School of Development, Peking University.
Abstract
Hayek (1945) argues that local information is a key to understanding the efficiency of alternative economic systems and whether production should be centralized or decentralized. The Chinese experience of decentralizing SOEs confirms this insight: when the distance to the government is farther, the SOE is more likely to be decentralized, and this distance-decentralization link is more pronounced with higher communication costs and greater firm-performance heterogeneity. However, when the Chinese central government oversees SOEs in strategic industries, the distance-decentralization link is muted. We also consider alternative agency-cost-based explanations, and do not find much support.
李力行老师是北京大学国家发展研究院副教授，美国马里兰大学经济学博士（2008）、硕士（2004），清华大学经济学学士（2002）。研究兴趣包括发展经济学、公共财政学、人力资本、城市经济学、政治经济学等。
For further information about the speaker, please visit:
http://en.nsd.pku.edu.cn/article.asp?articleid=6945
Your participation is warmly welcomed!
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首页
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教学项目展开 / 收起
sidenav background教学项目
sidenav header background[3月30日]管理学workshop
发布日期：2017-03-30 07:32 来源：北京大学国家发展研究院
Hayek, Local Information, and Commanding Heights: Decentralizing State-Owned Enterprises in China
Time：March 30, 2017 (Thursday) 10:00am -11:30am
Location: Zhifuxuan Conference Room, National School of Development, Peking U.
Speaker: Lixing Li(李力行), Associate Professor, National School of Development, Peking University.
Abstract
Hayek (1945) argues that local information is a key to understanding the efficiency of alternative economic systems and whether production should be centralized or decentralized. The Chinese experience of decentralizing SOEs confirms this insight: when the distance to the government is farther, the SOE is more likely to be decentralized, and this distance-decentralization link is more pronounced with higher communication costs and greater firm-performance heterogeneity. However, when the Chinese central government oversees SOEs in strategic industries, the distance-decentralization link is muted. We also consider alternative agency-cost-based explanations, and do not find much support.
李力行老师是北京大学国家发展研究院副教授，美国马里兰大学经济学博士（2008）、硕士（2004），清华大学经济学学士（2002）。研究兴趣包括发展经济学、公共财政学、人力资本、城市经济学、政治经济学等。
For further information about the speaker, please visit:
http://en.nsd.pku.edu.cn/article.asp?articleid=6945
Your participation is warmly welcomed!
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