China's Economic Growth: Trajectories and Evolving Institutions

Jun Zhang

No RP2008-33, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: This paper investigates the institutional reason underlying the change in the trajectory of economic growth in post-reform China, and argues that the trajectory of growth was much more normal during the period of 1978-89 than in the post-1989 era. In the former period, growth was largely induced by equality-generating institutional change in agriculture and the emergence of non-state industrial sector. In the latter period, growth was triggered by the acceleration of capital investments under authoritarian decentralized hierarchy within self-contained regions.

Keywords: Economic development; Decision making (Finance; Public); Institutional economics; Political science (search for similar items in EconPapers)
Date: 2008
New Economics Papers: this item is included in nep-cna, nep-dev, nep-his and nep-tra
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Persistent link: https://EconPapers.repec.org/RePEc:unu:wpaper:rp2008-33

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