IDEAS home Printed from https://ideas.repec.org/a/mes/jeciss/v47y2013i3p599-622.html
   My bibliography  Save this article

Brakes on Chinese Development: Institutional Causes of a Growth Slowdown

Author

Listed:
  • Geoffrey Hodgson
  • Kainan Huang

Abstract

China has enjoyed spectacular economic growth since the 1980s. Economic models based on production functions typically suggest that China's rapid growth will continue at similarly high rates, but they ignore pressing structural and institutional constraints on its development. Among the problems identified in this paper, we point to an impending demographic shift that will greatly increase the number of economic dependents, the inadequate corporate legal foundation for indigenous private enterprise, and the discriminatory, defective and disruptive system of land tenure. These issues point to a pressing agenda of institutional reform to help China develop in future decades. Reforms have to concentrate on political structures, state efficiency, incentives to educate and train migrant workers, land tenure, and on private enterprise.

Suggested Citation

  • Geoffrey Hodgson & Kainan Huang, 2013. "Brakes on Chinese Development: Institutional Causes of a Growth Slowdown," Journal of Economic Issues, Taylor & Francis Journals, vol. 47(3), pages 599-622.
  • Handle: RePEc:mes:jeciss:v:47:y:2013:i:3:p:599-622
    DOI: 10.2753/JEI0021-3624470301
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.2753/JEI0021-3624470301
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mes:jeciss:v:47:y:2013:i:3:p:599-622. 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: (Chris Longhurst). General contact details of provider: http://www.tandfonline.com/MJEI20 .

    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.

    We have no references for this item. You can help adding them by using 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 RePEc Author Service 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.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.