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The Razor's Edge : Distortions and Incremental Reform in the People's Republic of China

Young, Alwyn - 2000

capture, and then protect, these rents leads to the creation of new distortions, even as the reform process tries to move … governments throughout the economy sought to capture these rents by developing high margin industries. Continued reform, and …, leading local governments to impose a variety of interregional barriers to trade. Thus, the reform process led to the …

Persistent link: https://www.econbiz.de/10012470915

Grasp the Large, Let Go of the Small : The Transformation of the State Sector in China

Hsieh, Chang-Tai - 2015

Starting in the late 1990s, China undertook a dramatic transformation of the large number of firms under state control. Small state-owned firms were privatized or closed. Large state-owned firms were corporatized and merged into large industrial groups under the control of the Chinese state. The...

Persistent link: https://www.econbiz.de/10012457662

Risks in China’s Financial System

Song, Zheng Michael - 2018

Motivated by growing concerns about the risks and instability of China's financial system, this article reviews several commonly perceived financial risks and discusses their roots in China's politico-economic institutions. We emphasize the need to evaluate these risks within China's unique...

Persistent link: https://www.econbiz.de/10012453483

Pitfalls of a State-Dominated Financial System : The Case of China

Boyreau-Debray, Genevieve - 2005

State-owned financial institutions have been proposed as a way to address market failure, but the recent literature has also highlighted their pathological problems. This paper studies the case of China for pitfalls of a state-dominated financial system, including possible segmentation of the...

Persistent link: https://www.econbiz.de/10012467471

The Revealed Preference of the Chinese Communist Party Leadership : Investing in Local Economic Development versus Rewarding Social Connections

Kahn, Matthew E. - 2018

Over the last 30 years, the Chinese government has invested in new industrial parks with the intent of stimulating urban economic growth. The central government delegates the site selection decision to provincial leaders. A principal-agent issue arises because the central government prioritizes...

Persistent link: https://www.econbiz.de/10012453257

Do Peers Affect Student Achievement in China's Secondary Schools?

Ding, Weili - 2006

Peer effects have figured prominently in debates on school vouchers, desegregation, ability tracking and anti-poverty programs. Compelling evidence of their existence remains scarce for plaguing endogeneity issues such as selection bias and the reflection problem. This paper firmly establishes a...

Persistent link: https://www.econbiz.de/10012466364

Entrepreneurship in China's Structural Transitions : Network Expansion and Overhang

Dai, Ruochen; Mookherjee, Dilip; Munshi, Kaivan; Zhang, … - National Bureau of Economic Research - 2023

This research examines the determinants of entrepreneurship in the initial transition from agriculture to industrial production and the subsequent transition to higher value exporting in China. Using data covering the universe of registered firms over the 1994-2009 period, we find that...

Persistent link: https://www.econbiz.de/10014322864

Hukou and Guanxi : How Social Discrimination and Networks Impact Intrahousehold Allocations in China

Zhuge, Liqun; Lang, Kevin - National Bureau of Economic Research - 2023

Hukou, China's household registration system, affects access to public services and signals the strength of a person's local social network, guanxi. We use a collective model and data on household consumption and spouses' hukou status to show that hukou plays a crucial role in determining...

Persistent link: https://www.econbiz.de/10014287338

Understanding China's Economic Performance

Sachs, Jeffrey D. - 1997

wage incentive, not privatization, have been emphasized. The convergence school holds that China's successes are the result …

Persistent link: https://www.econbiz.de/10012472889

Adjustment of State Owned and Foreign-Funded Enterprises in China to Economic Reforms,1980s-2007 : a logistic smooth transition regression (LSTR) approach

Aizenman, Joshua - 2009

This paper applies a logistic smooth transition regression approach to the estimation of a homogenous aggregate value added production function of the State Owned (SOE) and Foreign-Funded Enterprises (FFE) in China, 1980s-2007. The transition associated with the economic reforms in China is...

Persistent link: https://www.econbiz.de/10012463377