Pareto-Improving Economic Reforms through Dual-Track Liberalization

Lawrence J Lau, Yingyi Qian and Gérard Roland

No 1595, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: Pareto-improving economic reforms that also simultaneously achieve efficiency can be implemented through a strategy of ‘dual-track’ liberalization. Its success requires the feasibility of the original plan and its continued enforcement by the state. The Chinese experience demonstrates that such a strategy works.

Keywords: Dual-track price liberalization; General Equilibrium; Pareto-improving economic reforms (search for similar items in EconPapers)
JEL-codes: D50 D60 P21 P22 P41 (search for similar items in EconPapers)
Date: 1997-04
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Citations: View citations in EconPapers (31)

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