Institutional Change and Economic Transition: Market-Enhancing Governance, Chinese-Style

Joachim Ahrens and Philipp Mengeringhaus

European Journal of Comparative Economics, 2006, vol. 3, issue 1, 75-102

Abstract: This study introduces a coherent comparative concept of governance, applies it to China, and elaborates to what extent the Chinese institutional matrix exhibits characteristics of a market-enhancing governance structure (MEGS). It is argued that a subtle interplay of political and economic institutions created a stable and viable politico-institutional foundation which made China's unorthodox transition strategy politically feasible and economically effective. The paper concludes with an assessment of the quality of the overall Chinese governance structure and its expected implications for the future transition process.

Keywords: market-enhancing governance; transition; institution building; policy reform; China (search for similar items in EconPapers)
JEL-codes: H70 H83 P26 P35 (search for similar items in EconPapers)
Date: 2006
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:liu:liucej:v:3:y:2006:i:1:p:75-102

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