Did Reform Improve the Performance of Monopolistic Industries? An Empirical Study of China's Telecommunications, Electricity, Civil Aviation, and Railway Industries

Author: Wang Guipu
Publisher:
Publish Date: 2005-01-01
Features: It is highly meaningful to study the specific characteristics of the structure of China's monopoly industries, the economic achievements since the reform and opening-up, and the market laws, as well as to explain the intrinsic links between industrial changes and performance evolution. The reforms in monopoly industries such as telecommunications, electricity, civil aviation, and railways have attracted significant attention. These industries themselves share common characteristics such as original natural monopolies, operation based on network platforms, barriers to liberalized trade, and a lack of effective competition, and were initially subject to relatively strict regulation. However, excessive or insufficient regulation of an industry can affect the distribution of economic wealth and the operational performance of enterprises. This book provides a detailed analysis and empirical study of the performance evolution, regulation, and policy effects in China's traditional monopoly industries such as telecommunications, electricity, civil aviation, and railways since the founding of the country, particularly during the reform phase in the 1980s and 1990s.