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Incentives and Static and Dynamic Gains from Market Reform in an Emerging Profits Models

Author

Listed:
  • Chen, T.N.
  • Kompas, T.
  • Vousden, N.

Abstract

This paper develops a dynamic model to account for the enhanced incentive effects that result from market reform in the form of a move toward private property rights and competitive market.

Suggested Citation

  • Chen, T.N. & Kompas, T. & Vousden, N., 1999. "Incentives and Static and Dynamic Gains from Market Reform in an Emerging Profits Models," ANU Working Papers in Economics and Econometrics 1999-379, Australian National University, College of Business and Economics, School of Economics.
    • Handle: RePEc:acb:cbeeco:1999-379
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    File URL: https://www.cbe.anu.edu.au/researchpapers/econ/wp379.pdf
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    References listed on IDEAS

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    1. Baldwin, Richard E, 1992. "Measurable Dynamic Gains from Trade," Journal of Political Economy, University of Chicago Press, vol. 100(1), pages 162-174, February.
    2. Hall, Robert E, 1988. "Intertemporal Substitution in Consumption," Journal of Political Economy, University of Chicago Press, vol. 96(2), pages 339-357, April.
    3. King, Robert G & Rebelo, Sergio T, 1993. "Transitional Dynamics and Economic Growth in the Neoclassical Model," American Economic Review, American Economic Association, vol. 83(4), pages 908-931, September.
    4. Macrae, John, 1977. "Production, distribution and economic organization : Income distribution and resource allocation at the team level in rural China," Journal of Development Economics, Elsevier, vol. 4(4), pages 365-385, November.
    5. Che, T.N. & Kompas, T. & Vousden, N., 1998. "Liberalisation, Incentives and Vietnamese Agricultural Growth," Papers 351, Australian National University - Department of Economics.
    6. McMillan, John & Whalley, John & Zhu, Lijing, 1989. "The Impact of China's Economic Reforms on Agricultural Productivity Growth," Journal of Political Economy, University of Chicago Press, vol. 97(4), pages 781-807, August.
    7. Sicular, Terry, 1988. "Plan and Market in China's Agricultural Commerce," Journal of Political Economy, University of Chicago Press, vol. 96(2), pages 283-307, April.
    8. Lawrence H. Summers, 1982. "Tax Policy, the Rate of Return, and Savings," NBER Working Papers 0995, National Bureau of Economic Research, Inc.
    9. Mr. Michael Sarel, 1994. "On the Dynamics of Economic Growth," IMF Working Papers 1994/138, International Monetary Fund.
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    Cited by:

    1. Patrick de Fontenay & Suiwah Leung, 2002. "Managing commodity price fluctuations in Vietnam's Coffee Industry," International and Development Economics Working Papers idec02-4, International and Development Economics.

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    More about this item

    Keywords

    INCENTIVES ; ECONOMIC REFORM ; PROPERTY RIGHTS;
    All these keywords.

    JEL classification:

    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • Q10 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - General
    • P20 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - General

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