Incremental Reform and Distortions in China's Product and Factor Markets
نویسندگان
چکیده
منابع مشابه
Incremental Reform and Distortions in China’s Product and Factor Markets
The purpose of reform is to reduce distortions in the economic system and enhance efficiency. However, along with incremental partial reforms, local governments or individuals often have the chance to capture the rent inherent in the gradual transition process. Young (2000) warned that this rent-seeking behavior might lead to increasing market fragmentation. Empirical studies have shown the opp...
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ژورنال
عنوان ژورنال: The World Bank Economic Review
سال: 2007
ISSN: 1564-698X,0258-6770
DOI: 10.1093/wber/lhm002