The Transition Process in China: a Theoretical and Empirical Study
AbstractIn this paper we model the transition process in China. First we review the economic reform policies since 1978. Based on the review, a two-segment-model is constructed. The model can be viewed as a general equilibrium model, with a planned segment that produces some distortion in the model, and a market segment that tries to correct this distortion and keeps the whole economy in equilibrium. Then we examine diverse reform policies such as the price reform, the financial market reform, and the labour market reform. In the last section, the main conclusions of this study will be summarised and commented from a viewpoint of further development of the study.
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Bibliographic InfoPaper provided by Society for Computational Economics in its series Computing in Economics and Finance 2005 with number 210.
Date of creation: 11 Nov 2005
Date of revision:
Transition Economy; Economic Reconstruction; Industrialization;
Other versions of this item:
- Chen Pu & Hsiao Chihying, 2005. "the Transition Process in China: A theoretic and empirical Study," Development and Comp Systems 0507007, EconWPA.
- O14 - Economic Development, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
- P10 - Economic Systems - - Capitalist Systems - - - General
- P20 - Economic Systems - - Socialist Systems and Transition Economies - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-11-19 (All new papers)
- NEP-CNA-2005-11-19 (China)
- NEP-DEV-2005-11-19 (Development)
- NEP-TRA-2005-11-19 (Transition Economics)
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