[Reform Debate: Economics of Speed and Passion]
In term of time and space, economic changes are non-ergodic, reform speed and equilibrium is determined by the characteristics of time and space. The great achievements of China's gradual reforms are by no means accidental, time-space dependence and non-ergodic economic changes is consistent with the guiding ideology of “feeling our way across the river”, by time-space compression, China's gradual reforms have exhibited dynamic adaptive efficiency.
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- Micael Castanheira De Moura & Gérard Roland, 2000. "The optimal speed of transition: a general equilibrium analysis," ULB Institutional Repository 2013/10011, ULB -- Universite Libre de Bruxelles.
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