EconPapers    
Economics at your fingertips  
 

A Review of China's Institutions

Franklin Allen, Jun Qian and Meijun Qian

No 13269, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: The spectacular economic growth in China in the past four decades has inspired a large strand of research to understand China's unconventional growth path. This paper focuses on the recent development of China's institutions, financial markets, innovations and government-business relations in the context of their roles in supporting China's growth. The government's role in finance and the economy has advantages and disadvantages as compared to developed markets in the West. Alternative financing channels and governance mechanisms, rather than the markets and banks, continue to promote growth in the most dynamic sectors of the economy, despite the fact that China has passed the early-development stage. More research is needed to understand the Chinese experience and see whether similar mechanisms are behind the growth in other economies.

Keywords: alternative finance; government; Innovation; institutions; markets; Property rights (search for similar items in EconPapers)
JEL-codes: G2 K0 O5 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-fdg and nep-tra
Date: 2018-10
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://www.cepr.org/active/publications/discussion_papers/dp.php?dpno=13269 (application/pdf)
CEPR Discussion Papers are free to download for our researchers, subscribers and members. If you fall into one of these categories but have trouble downloading our papers, please contact us at subscribers@cepr.org

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:cpr:ceprdp:13269

Ordering information: This working paper can be ordered from
http://www.cepr.org/ ... rs/dp.php?dpno=13269

Access Statistics for this paper

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

 
Page updated 2019-01-12
Handle: RePEc:cpr:ceprdp:13269