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Economics of China's Joint-Stock Co-Operatives

Laixiang Sun

No DP2001-24, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: In the 1990s, a new ownership form called 'joint-stock co-operative' (gufen hezuozhi) became widely adopted in China's township and village enterprise sector. The promising dynamics and high adaptive ability of the new ownership form is in contradiction with the conclusions suggested by the existing literature on industrial co-operatives and other types of employee ownership.

Keywords: Cooperative societies; Institutional economics; Right of property (search for similar items in EconPapers)
Date: 2001
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