Advanced Search
MyIDEAS: Login to save this paper or follow this series

The Process of China's Market Transition (1978-98): The Evolutionary, Historical, and Comparative Perspectives

Contents:

Author Info

  • Yingyi Qian
Registered author(s):

    Abstract

    April 1999 In the past two decades, China's transition from a planned to a market system followed a different path from those countries in Eastern Europe and the former Soviet Union. So far the Chinese path has been a remarkable success. This paper provides detailed accounts of this process, which evolved in two stages. In the first stage (1979-93), the centrally planned system was reformed incrementally to improve incentives and increase the scope of the market in resource allocation. In the second stage (since 1994), new institutions supporting a market system are being built, but before old institutions are destroyed. To gain a deeper understanding of this transition path, the paper traces the roots to the evolution of the Chinese central planning system from 1958 to 1978, which differed significantly from the textbook model of the Soviet system. The Chinese path of transition challenges the conventional wisdom of transition but apparently fits well Popper's notion of "piecemeal social engineering."

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www-econ.stanford.edu/faculty/workp/swp99012.pdf
    Download Restriction: no

    Bibliographic Info

    Paper provided by Stanford University, Department of Economics in its series Working Papers with number 99012.

    as in new window
    Length:
    Date of creation: Apr 1999
    Date of revision:
    Handle: RePEc:wop:stanec:99012

    Contact details of provider:
    Postal: Ralph Landau Economics Building, Stanford, CA 94305-6072
    Phone: (650)-725-3266
    Fax: (650)-725-5702
    Email:
    Web page: http://www-econ.stanford.edu/econ/workp/
    More information through EDIRC

    Related research

    Keywords:

    This paper has been announced in the following NEP Reports:

    References

    References listed on IDEAS
    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
    as in new window
    1. Kornai, Janos, 1986. "The Hungarian Reform Process: Visions, Hopes, and Reality," Journal of Economic Literature, American Economic Association, vol. 24(4), pages 1687-1737, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as in new window

    Cited by:
    1. Xiaogang Wu, 2002. "Embracing the Market: Entry into Self-Employment in Transitional China, 1978-1996," William Davidson Institute Working Papers Series 512, William Davidson Institute at the University of Michigan.

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:wop:stanec:99012. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Thomas Krichel).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.