| ID | 082644 |
| Title Proper | Innovation or rent-seeking |
| Other Title Information | The entrepreneurial behavior during China's economic transformation |
| Language | ENG |
| Author | Wu, Jinglian ; Huang, Shaoqing |
| Publication | 2008. |
| Summary / Abstract (Note) | Although achieving impressive economic growth during the economic reform period, China has been plagued by rampant corruption and a widening income gap. How can the coexistence these two phenomena be explained? In this paper, we argue that before 1994, the coexistence was induced by a series of expediential institutional arrangements to stimulate entrepreneurial activities and after 1994, it was entrenched because of the slow progress in the overall reform toward becoming a market economy and because of inappropriate government actions and the lack of government action in institutional building. To solve these problems, economic and political reforms need to be accelerated to improve market institutions and to establish the rule of law. |
| `In' analytical Note | China and World Economy Vol. 16, No.4; Jul-Aug 2008: p64-81 |
| Journal Source | China and World Economy Vol. 16, No.4; Jul-Aug 2008: p64-81 |
| Key Words | Entrepreneurial Talent ; Expediential Institutional Arrangements ; Innovation ; Rent-Seeking |