On transaction efficiency and China¡¯s Urban-Rural disparity

Hongjun Zhao () and Bocheng Yin ()
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Hongjun Zhao: School of Business, Shanghai Institute of Foreign Trade, Shanghai 200124, China
Bocheng Yin: School of Economics, Fudan University, Shanghai 200433, China

Frontiers of Economics in China-Selected Publications from Chinese Universities, 2006, vol. 1, issue 4, 597-614

Abstract: It is recommended for economists to examine China's Urban-Rural disparity from the perspective of transaction efficiency, in that it can provide us with a systematic explanation to both the cases of different countries and development stages. China's Urban-Rural disparity is special and virtually a demonstration of its special transaction efficiency structure. Exploration of China's Urban-Rural disparity from such perspective indicates that, different from those in countries with a market economy, China's case involves many exogenous and contrived factors. Therefore, the solutions are to improve the whole transaction efficiency in the economy, which includes eliminating its regionally unfavorable policies and institutions, and enforcing more favorable and regionally balanced institutional reforms.

Keywords: China¡¯s Urban-Rural disparity; transaction efficiency; Urban-Rural dual structure (search for similar items in EconPapers)
JEL-codes: B41 O12 R13 (search for similar items in EconPapers)
Date: 2006
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