the Transition Process in China: A theoretic and empirical Study
AbstractIn this paper we analyse the driving forces of the transition from plan to market in China. A two segments and two sectors model is constructed to take into account the particular economic situation in China during the transition process: a large agricultural sector and an industrial sector; a large centrally planned segment and a market segment. The transition from plan to market is described by the increasing share the market segment in the whole economy on the one hand and the forced adjustment of the behaviour of the planned segment to the market situation on the other. Thus this model provides a well structured way to understand the complex phenomenon during the transition process and to analysis the driving forces of the transition process.
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Bibliographic InfoPaper provided by EconWPA in its series Development and Comp Systems with number 0507007.
Length: 74 pages
Date of creation: 28 Jul 2005
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Transition; Economic reform; Industrialization; Chinese economy;
Other versions of this item:
- C. Hsiao & P. Chen, 2005. "The Transition Process in China: a Theoretical and Empirical Study," Computing in Economics and Finance 2005 210, Society for Computational Economics.
- O1 - Economic Development, Technological Change, and Growth - - Economic Development
- O14 - Economic Development, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
- P2 - Economic Systems - - Socialist Systems and Transition Economies
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