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Using trimonthly Chinese provincial grain prices from 1988 to 1995, we estimate a parity-bounds model of interregional trade for four subperiods to characterize how multiple aspects of market performance change during the process of economic transition. For each period, we estimate the extent to...
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This paper studies insider privatization in transition economies. We show theoretically that the underperformance of insider-privatized firms could be due to the manager-cum-owner's lack of incentives after privatization. A screening theory predicts that a firm's postprivatization incentives...
Persistent link: https://www.econbiz.de/10014107516
This paper studies insider privatization in rural China and provides an explanation of why some firms have performed … the buyout price and postprivatization incentives. Drawing on data we collected in China, we find evidence supporting the …
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China has experienced during the past 20 years as well as being responsible for some of the remaining barriers, the nation … rural China. Surprisingly, however, even though the potential for gain and for damage is great, almost no literature exists … rest of this paper as follows. In the first section, I will first review China's macro setting and discuss a number of the …
Persistent link: https://www.econbiz.de/10014112434
The supermarket revolution has arrived in China and is spreading as fast as or faster than anywhere in the world. As … communities in the Greater Beijing area, we find small and poor farmers have actively participate in the emergence of China … the paper we document seven characteristics of China's food economy that we believe account for this unique set of …
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