The Transition Process in China: a Theoretical and Empirical Study
In this paper we model the transition process in China. First we review the economic reform policies since 1978. Based on the review, a two-segment-model is constructed. The model can be viewed as a general equilibrium model, with a planned segment that produces some distortion in the model, and a market segment that tries to correct this distortion and keeps the whole economy in equilibrium. Then we examine diverse reform policies such as the price reform, the financial market reform, and the labour market reform. In the last section, the main conclusions of this study will be summarised and commented from a viewpoint of further development of the study.
|Date of creation:||11 Nov 2005|
|Date of revision:|
|Contact details of provider:|| Web page: http://comp-econ.org/|
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Jefferson, Gary H. & Xu, Wenyi, 1991. "The impact of reform on socialist enterprises in transition: Structure, conduct, and performance in Chinese industry," Journal of Comparative Economics, Elsevier, vol. 15(1), pages 45-64, March.
- Naughton, Barry, 1990. "China's experience with guidance planning," Journal of Comparative Economics, Elsevier, vol. 14(4), pages 743-767, December.
- Woo Wing Thye, 1994.
"The Art of Reforming Centrally Planned Economies: Comparing China, Poland, and Russia,"
Journal of Comparative Economics,
Elsevier, vol. 18(3), pages 276-308, June.
- Woo, W.T., 1993. "The Art of Reforming Centrally-Planned Economies: Comparing China, Poland and Russia," Papers 93-09, California Davis - Institute of Governmental Affairs.
- Jinglian, Wu & Renwei, Zhao, 1987. "The dual pricing system in China's industry," Journal of Comparative Economics, Elsevier, vol. 11(3), pages 309-318, September.
- Panagariya, Arvind, 1990. "The parallel market in centrally planned economies: A dynamic analysis," Journal of Comparative Economics, Elsevier, vol. 14(3), pages 353-371, September.
- Ericson, Richard E., 1984. "The "second economy" and resource allocation under central planning," Journal of Comparative Economics, Elsevier, vol. 8(1), pages 1-24, March.
- Peter Murrell, 1991. "Can Neoclassical Economics Underpin the Reform of Centrally Planned Economies?," Journal of Economic Perspectives, American Economic Association, vol. 5(4), pages 59-76, Fall.
- Zhou, Huizhong, 1992. "An explanation of coexistence of taut planning and hidden reserves in centrally planned economies," Journal of Comparative Economics, Elsevier, vol. 16(3), pages 456-478, September.
- Charemza, Wojciech & Quandt, Richard E, 1982. "Models and Estimation of Disequilibrium for Centrally Planned Economies," Review of Economic Studies, Wiley Blackwell, vol. 49(1), pages 109-16, January.
When requesting a correction, please mention this item's handle: RePEc:sce:scecf5:210. 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: (Christopher F. Baum)
If references are entirely missing, you can add them using this form.