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Стратегии Институциональных Реформ: Китай И Россия
[Institutional Reform Strategies: China and Russia]

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Abstract

This is the second part of the work devoted to the problem of the choice of institutional reform strategies. In the first part a concept of a promising trajectory was introduced. This is a trajectory that has good chances to be successful since it meets a number of requirements; their list was discussed in detail. In this paper, proposed analytical tools are used to compare reforms in Russia and China. It is shown that China had no significant advantages with respect to initial conditions. However, Chinese reformers, in contrast to the Russian ones, followed theoretical recommendations and choosed promising trajectories as their strategies. This observation explains the difference in the reform outcomes, and may be also considered as evidence in favor of the theory suggested.

Suggested Citation

  • Polterovich, Victor, 2006. "Стратегии Институциональных Реформ: Китай И Россия
    [Institutional Reform Strategies: China and Russia]
    ," MPRA Paper 22010, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:22010
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    File URL: https://mpra.ub.uni-muenchen.de/22010/1/MPRA_paper_22010.pdf
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    References listed on IDEAS

    as
    1. Lawrence Sáez & Joy Yang, 2001. "The Deregulation of State-Owned Enterprises in India and China," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 43(3), pages 69-97, September.
    2. Lawrence J. Lau & Yingyi Qian & Gerard Roland, 2000. "Reform without Losers: An Interpretation of China's Dual-Track Approach to Transition," Journal of Political Economy, University of Chicago Press, vol. 108(1), pages 120-143, February.
    3. David D. Li, 1998. "Changing Incentives of the Chinese Bureaucracy," William Davidson Institute Working Papers Series 130, William Davidson Institute at the University of Michigan.
    4. Li, David D, 1998. "Changing Incentives of the Chinese Bureaucracy," American Economic Review, American Economic Association, vol. 88(2), pages 393-397, May.
    5. Simeon Djankov, 1999. "Ownership Structure and Enterprise Restructuring in Six Newly Independent States," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 41(1), pages 75-95, April.
    6. Yingyi Qian, 1999. "The Institutional Foundations of China's Market Transition," Working Papers 99011, Stanford University, Department of Economics.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Malikov, Rustam & Grishin, Konstantin, 2014. "Simulation parameters of the institutional configuration of the regional business environment," Economic Policy, Russian Presidential Academy of National Economy and Public Administration, pages 171-185, December.

    More about this item

    Keywords

    institutional reforms; institutional reform strategies; promising trajectory; economic transition; Russia; China;

    JEL classification:

    • P21 - Economic Systems - - Socialist Systems and Transition Economies - - - Planning, Coordination, and Reform
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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