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Стратегии Институциональных Реформ: Китай И Россия
[Institutional Reform Strategies: China and Russia]

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  • Polterovich, Victor

Abstract

This is the second part of the work devoted to the problem of the choice of institutional reform strategies. In the first part a concept of a promising trajectory was introduced. This is a trajectory that has good chances to be successful since it meets a number of requirements; their list was discussed in detail. In this paper, proposed analytical tools are used to compare reforms in Russia and China. It is shown that China had no significant advantages with respect to initial conditions. However, Chinese reformers, in contrast to the Russian ones, followed theoretical recommendations and choosed promising trajectories as their strategies. This observation explains the difference in the reform outcomes, and may be also considered as evidence in favor of the theory suggested.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 22010.

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Date of creation: 2006
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Publication status: Published in Economics and Mathematical Methods 2.42(2006): pp. 3-16
Handle: RePEc:pra:mprapa:22010

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Keywords: institutional reforms; institutional reform strategies; promising trajectory; economic transition; Russia; China;

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  1. David D. Li, 1998. "Changing Incentives of the Chinese Bureaucracy," William Davidson Institute Working Papers Series 130, William Davidson Institute at the University of Michigan.
  2. Lawrence J. Lau & Yingyi Qian & Gerard Roland, 2000. "Reform without Losers: An Interpretation of China's Dual-Track Approach to Transition," Journal of Political Economy, University of Chicago Press, vol. 108(1), pages 120-143, February.
  3. Simeon Djankov, 1999. "Ownership Structure and Enterprise Restructuring in Six Newly Independent States," Comparative Economic Studies, Palgrave Macmillan, vol. 41(1), pages 75-95, April.
  4. Lawrence S�ez & Joy Yang, 2001. "The Deregulation of State-Owned Enterprises in India and China," Comparative Economic Studies, Palgrave Macmillan, vol. 43(3), pages 69-97, September.
  5. Li, David D, 1998. "Changing Incentives of the Chinese Bureaucracy," American Economic Review, American Economic Association, vol. 88(2), pages 393-97, May.
  6. Yingyi Qian, 1999. "The Institutional Foundations of China's Market Transition," Working Papers 99011, Stanford University, Department of Economics.
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