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Institutional Change and Economic Transition: Market-Enhancing Governance, Chinese-Style

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  • Joachim Ahrens
  • Philipp Mengeringhaus
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    Abstract

    This study introduces a coherent comparative concept of governance, applies it to China, and elaborates to what extent the Chinese institutional matrix exhibits characteristics of a market-enhancing governance structure (MEGS). It is argued that a subtle interplay of political and economic institutions created a stable and viable politico-institutional foundation which made China's unorthodox transition strategy politically feasible and economically effective. The paper concludes with an assessment of the quality of the overall Chinese governance structure and its expected implications for the future transition process.

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    Bibliographic Info

    Article provided by Cattaneo University (LIUC) in its journal The European Journal of Comparative Economics.

    Volume (Year): 3 (2006)
    Issue (Month): 1 (June)
    Pages: 75-102

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    Handle: RePEc:liu:liucej:v:3:y:2006:i:1:p:75-102

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    Related research

    Keywords: market-enhancing governance; transition; institution building; policy reform; China;

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    Cited by:
    1. Ahrens, Joachim & Stark, Manuel, 2012. "Unabhängige Organisationen in autoritären Regimes: Widerspruch in sich oder effektives Instrument von Developmental States?," PFH Forschungspapiere/Research Papers, PFH Private University of Applied Sciences, Göttingen 2012/09, PFH Private University of Applied Sciences, Göttingen.

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