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On transaction efficiency and China¡¯s Urban-Rural disparity

Author

Listed:
  • ZHAO Hongjun

    (School of Business, Shanghai Institute of Foreign Trade, Shanghai 200124, China)

  • YIN Bocheng

    (School of Economics, Fudan University, Shanghai 200433, China)

Abstract

It is recommended for economists to examine China's Urban-Rural disparity from the perspective of transaction efficiency, in that it can provide us with a systematic explanation to both the cases of different countries and development stages. China's Urban-Rural disparity is special and virtually a demonstration of its special transaction efficiency structure. Exploration of China's Urban-Rural disparity from such perspective indicates that, different from those in countries with a market economy, China's case involves many exogenous and contrived factors. Therefore, the solutions are to improve the whole transaction efficiency in the economy, which includes eliminating its regionally unfavorable policies and institutions, and enforcing more favorable and regionally balanced institutional reforms.

Suggested Citation

  • ZHAO Hongjun & YIN Bocheng, 2006. "On transaction efficiency and China¡¯s Urban-Rural disparity," Frontiers of Economics in China-Selected Publications from Chinese Universities, Higher Education Press, vol. 1(4), pages 597-614, December.
    • Handle: RePEc:fec:journl:v:1:y:2006:i:4:p:597-614
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    File URL: http://journal.hep.com.cn/fec/EN/10.1007/s11459-006-0022-5
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    More about this item

    Keywords

    China¡¯s Urban-Rural disparity; transaction efficiency; Urban-Rural dual structure;
    All these keywords.

    JEL classification:

    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
    • R13 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General Equilibrium and Welfare Economic Analysis of Regional Economies

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