Pareto-Improving Economic Reforms through Dual-Track Liberalization

Lawrence J Lau, Yingyi Qian and Gérard Roland

No 1595, CEPR Discussion Papers from Centre for Economic Policy Research

Abstract: Pareto-improving economic reforms that also simultaneously achieve efficiency can be implemented through a strategy of ‘dual-track’ liberalization. Its success requires the feasibility of the original plan and its continued enforcement by the state. The Chinese experience demonstrates that such a strategy works.

Keywords: Dual-track price liberalization; General Equilibrium; Pareto-improving economic reforms (search for similar items in EconPapers)
JEL-codes: D50 D60 P21 P22 P41 (search for similar items in EconPapers)
Date: 1997-04
References: Add references at CitEc
Citations: View citations in EconPapers (31)

Downloads: (external link)
http://www.cepr.org/active/publications/discussion_papers/dp.php?dpno=1595 (application/pdf)

Related works:
Journal Article: Pareto-improving economic reforms through dual-track liberalization (1997)
Working Paper: Pareto-Improving Economic Reforms through Dual-Track Liberalization
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cpr:ceprdp:1595

Ordering information: This working paper can be ordered from
http://www.cepr.org/ ... ers/dp.php?dpno=1595

Access Statistics for this paper

More papers in CEPR Discussion Papers from Centre for Economic Policy Research 33 Great Sutton Street, London EC1V 0DX, UK.
Bibliographic data for series maintained by CEPR ().