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Township and Village Enterprises: History and Institutions (1958–1997)

Cheng Jin
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Cheng Jin: South China University of Technology

Chapter 3 in An Economic Analysis of the Rise and Decline of Chinese Township and Village Enterprises, 2017, pp 47-86 from Palgrave Macmillan

Abstract: Abstract One of the core assumptions in the literature on township and village enterprises (TVEs) by Qian and Xu (1993), Tian (2000, 2001) and others is that economic institutions in China have been able to make a number of key adaptations in pursuit of better economic performance. In this chapter, a TVE is regarded as an intermediate institution, capable of embodying such institutional adaptation, the rationale for which may be found in neoclassical thinking: in a neoclassical framework, economic performance and efficiency are sensitive to institutions—the market, the legal system and the state. Tian (2000, 2001) concludes that economic environment has been a determinant of the economic performance of TVEs.

Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palscp:978-3-319-59770-6_3

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DOI: 10.1007/978-3-319-59770-6_3

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