Optimal withdrawing path of state-owned capital in economic transition A dynamic model

Ming Xie ()
Additional contact information
Ming Xie: School of Economics, Fudan University, Shanghai 200100, China

Frontiers of Economics in China-Selected Publications from Chinese Universities, 2008, vol. 3, issue 1, 38-50

Abstract: This paper presents a dynamic model based on the utility maximum decisions of both the government and private sectors to study the optimal withdrawing path of state-owned capital in economic transition. Numerical simulation shows that: (1) an optimal transition path still exists when treating government and private sectors separately, (2) when the transition cost is higher than its critical value, the economy will never start a transition by itself. In addition, this analysis offers theoretical supports for some reform policies adopted by governments during transition.

Keywords: ratio of state-owned capital; economic transition; optimal path (search for similar items in EconPapers)
JEL-codes: H11 O10 P21 (search for similar items in EconPapers)
Date: 2008
References: Add references at CitEc
Citations:

Downloads: (external link)
http://journal.hep.com.cn/fec/EN/10.1007/s11459-008-0003-y (application/pdf)

Related works:
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:fec:journl:v:3:y:2008:i:1:p:38-50

Access Statistics for this article

Frontiers of Economics in China-Selected Publications from Chinese Universities is currently edited by LONG Jie

More articles in Frontiers of Economics in China-Selected Publications from Chinese Universities from Higher Education Press
Bibliographic data for series maintained by Frank H. Liu ().