The Transition Process in China: a Theoretical and Empirical Study
C. Hsiao and
Pu Chen ()
Authors registered in the RePEc Author Service: Chih-Ying Hsiao () and
No 210, Computing in Economics and Finance 2005 from Society for Computational Economics
In this paper we model the transition process in China. First we review the economic reform policies since 1978. Based on the review, a two-segment-model is constructed. The model can be viewed as a general equilibrium model, with a planned segment that produces some distortion in the model, and a market segment that tries to correct this distortion and keeps the whole economy in equilibrium. Then we examine diverse reform policies such as the price reform, the financial market reform, and the labour market reform. In the last section, the main conclusions of this study will be summarised and commented from a viewpoint of further development of the study.
Keywords: Transition Economy; Economic Reconstruction; Industrialization (search for similar items in EconPapers)
JEL-codes: O14 P10 P20 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cna, nep-dev and nep-tra
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Working Paper: the Transition Process in China: A theoretic and empirical Study (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:sce:scecf5:210
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