State-Owned Enterprises in the Global Economy

State-owned enterprises (SOEs) play an important role in many of the world's major economies, but their existence is largely ignored by economic theory. This book fills this research gap by focusing on the scope and importance of SOEs in a broad group of the largest economies, primarily on a variety of quantitative estimates. It contains the results of an extensive and unique empirical study of 37 of the world's largest economies over the period from 2009 to 2018. The findings show that the average share of SOEs in the group of the largest 100 enterprises is nearly 30%, while in the Top 20 group it is even slightly higher.

Format: Hardback
Length: 316 pages
Publication date: 02 June 2022
Publisher: Taylor & Francis Ltd

State-owned enterprises (SOEs) are a unique blend of economic activities driven by their market position and non-economic functions dictated by the state owner. These entities play a significant role in many of the world's largest economies, with some, like China, India, Russia, and Brazil, dominating the landscape. However, the existence of SOEs has largely been overlooked by economic theory, and the current figures on SOEs available in the literature are questionable in terms of their methodological validity, making it challenging to conduct a comprehensive cross-country analysis. This book aims to bridge this research gap by providing a comprehensive examination of the scope and importance of SOEs in a broad group of the largest economies.

The book focuses on a variety of quantitative estimates and contains the results of an extensive and unique empirical study of 37 of the world's largest economies over the period from 2009 to 2018. The findings reveal that the average share of SOEs, measured by operating revenues and total assets, in the group of the largest 100 enterprises (Top 100) of a given country is nearly 30%, while in the Top 20 group, it is even slightly higher. The authors employ an econometric analysis to explore the relationship between the scope of SOEs and the various economic and non-economic characteristics of the studied set of countries.

In addition to the empirical analysis, the book also delves into an in-depth discussion of selected key issues, such as the functions of SOEs in different types of economies, their role in capital markets, and the phenomenon of SOEs with foreign capital. This work is intended for both academic economists engaged in macroeconomics and economic policy research as well as researchers and analysts from various international organizations and think tanks.

By examining the role of SOEs in these large economies, this book offers valuable insights into the complex dynamics and challenges faced by these entities. It sheds light on the ways in which SOEs contribute to economic growth, employment generation, and social welfare, as well as the potential risks and challenges associated with their operation. The book also provides a framework for policymakers and policymakers to consider when designing policies and regulations related to SOEs.

In conclusion, this book is a valuable contribution to the literature on SOEs and provides a comprehensive examination of their scope and importance in a broad group of the largest economies. It offers valuable insights into the complex dynamics and challenges faced by these entities and provides a framework for policymakers and policymakers to consider when designing policies and regulations related to SOEs.

Dimension: 234 x 156 (mm)
ISBN-13: 9781032155203