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Development Strategy, Viability, and Economic Institutions: The Case of China

Author

Listed:
  • Justin Lin
  • Mingxing Liu
  • Shiyuan Pan
  • Pengfei Zhang

Abstract

This paper explores the politically determined development objectives and the intrinsic logic of government intervention policies in east developed countries. It is argued that the distorted institutional structure in China and in many least developed countries, after the Second World War, can be largely explained by government adoption of inappropriate development strategies.

Suggested Citation

  • Justin Lin & Mingxing Liu & Shiyuan Pan & Pengfei Zhang, 2006. "Development Strategy, Viability, and Economic Institutions: The Case of China," WIDER Working Paper Series RP2006-48, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:rp2006-48
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    File URL: https://www.wider.unu.edu/sites/default/files/rp2006-48.pdf
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    References listed on IDEAS

    as
    1. Acemoglu, Daron & Johnson, Simon & Robinson, James A., 2005. "Institutions as a Fundamental Cause of Long-Run Growth," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 6, pages 385-472, Elsevier.
    2. Simeon Djankov & Rafael La Porta & Florencio Lopez-de-Silanes & Andrei Shleifer, 2002. "The Regulation of Entry," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 117(1), pages 1-37.
    3. Andrei Shleifer & Robert W. Vishny, 1994. "Politicians and Firms," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 109(4), pages 995-1025.
    4. Guofu Tan & Justin Yifu Lin, 1999. "Policy Burdens, Accountability, and the Soft Budget Constraint," American Economic Review, American Economic Association, vol. 89(2), pages 426-431, May.
    5. Esfahani, Hadi Salehi, 2000. "Institutions and government controls," Journal of Development Economics, Elsevier, vol. 63(2), pages 197-229, December.
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    Cited by:

    1. Justin Yifu Lin & Pengfei Zhang, 2007. "Development Strategy and Economic Institutions in Less Developed Countries," CID Working Papers 17, Center for International Development at Harvard University.
    2. Abu Bakkar Siddique, 2016. "Comparative Advantage Defying Development Strategy and Cross Country Poverty Incidence," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 41(4), pages 45-78, December.

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