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In the process of non-ergodic economic changes, path dependence and state dependence will become two main constraints of reform; this dependence determined the embeddeded structure of reform and its evolution. This article refined a theoretical framework for analysis reform on the...
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examine the poverty trap theory from the perspective of structural and institutional analysis, and establish an operational …. We praise the theory of North (1990). Incremental change and evolution of institutions is the key for a country to grow …
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In term of time and space, economic changes are non-ergodic, reform speed and equilibrium is determined by the characteristics of time and space. The great achievements of China's gradual reforms are by no means accidental, time-space dependence and non-ergodic economic changes is consistent...
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