Kato & Long (2005) state that executive compensation has attracted much attention from economists in the past two decades yet most academic work on executive compensation has been concentrated on a few developed countries such as the U.S. and the U.K., mainly due to data availability. In light...

China's transition to a market economy has been a process of basic institutional changes and institution building. The institutional change from a socialist labour regime (SLR) as one of the backbones upholding the traditional leninist system to a new 'socialist' market labour regime (SMLR)...

Dieses Paper beschäftigt sich mit dem Zusammenhang zwischen der Wettbewerbspolitik in China und dem WTO-Beitritt. Es wurde festgestellt, dass der WTO-Beitritt zur rechtlichen Verankerung der Wettbewerbspolitik in China wesentlich beigetragen hat. Die chinesische Transformation von der...

Similarities and differences will be demonstrated between Chinese and Hungarian party-state systems. We define the role of reforms in the self-reproduction of both party-states. We shall demonstrate how different patterns of power distribution lead to the implementation of different reforms. We...

This paper analyzes the impact of global financial and economic crisis on the process of system transformation in China. First, it details the direct impact of global growth on macroeconomic development and its indirect impact on economic transformation. Second, it analyzes the direct impact of...

Declining general trust has become a serious social issue in China in recent years. This paper attempts to understand and analyze this social phenomenon from a social interaction perspective. Based on a repeated prisoners´ dilemma game on networks, it finds that the evolution of general trust...

We scrutinise in this paper the systemic consequences of state intervention triggered by external shocks for the dynamics of investment in the transforming Chinese economy. Our analysis focuses on the period before and after the global crisis. We interpret investment dynamics in a comparative...

The author considers basic institutional models that define the macroeconomic policies for the real sector financing under economic growth. The hypothesis is tested that two institutional models in real sector financing could be singled out, so called "state as the main investor" and "state as...

The paper examines the notion of a 'developmental state' and shows that China possesses the characteristics of a developmental state.  It explains the political economy which generated such a state in China and in some other economies.  It analyses the methods and mechanisms that were...

This paper analyzes the impact of global financial and economic crisis on the process of system transformation in China. First, it details the direct impact of global growth on macroeconomic development and its indirect impact on economic transformation. Second, it analyzes the direct impact of...