The institution of a stockmarket in a socialist economy: Notes on the Chinese economic reform program
AbstractThis paper is concerned with three questions: (a) how would a stockmarket help economic and industrial development in a country like China; (b) will a stockmarket be system-compatible; and (c) if a full-fledged stockmarket is indeed introduced in a socialist economy, can its “negative influences” (speculation, booms and crashes) be minimized? These issues are examined analytically with the help of empirical evidence of stockmarket behavior in advanced and newly industrializing economies. Although the paper considers the specific case of China, the argument is more general and has application to other developing as well as centrally planned economies.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 24324.
Date of creation: 1990
Date of revision:
stockmarket; China; developing; socialist; economy; industrial;
Find related papers by JEL classification:
- A1 - General Economics and Teaching - - General Economics
- P3 - Economic Systems - - Socialist Institutions and Their Transitions
- A10 - General Economics and Teaching - - General Economics - - - General
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