Supporting the Free and Competitive Market in China and India: Differences and Evolution Over Time

Matteo Migheli ()

Department of Economics and Statistics Cognetti de Martiis. Working Papers from University of Turin

Abstract: This paper analyzes the support to market competition by Indian and Chinese citizens. In particular I study the individual preferences with respect to some characteristics of a free and competitive market. The paper aims at establishing whether preferences in these countries are different and their evolution over the time. This is an important issue, as the economic literature shows that people’s preferences and policies tend to go hand in hand. This means that the analysis of today’s preferences and of their evolution over the time can be useful to forecast tomorrow’s policies. The main findings of this paper are that Indians and Chinese are different at supporting competition. The Chinese express preferences that are more in line with a free and competitive market, than Indians do. The detected time path reveals that this support has been decreasing over time during the last two decades. The two populations appear to be in favour of a capitalistic, but strictly regulated market. This can mean that the future economic policies of these Asian giants will tend to this direction. Apparently there are no risks for some form of capitalism, but likely the two countries will not adopt completely Free and competitive market institutions.

Pages: 30 pages
Date: 2009-03
New Economics Papers: this item is included in nep-cna, nep-cwa, nep-dev and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Related works:
Journal Article: Supporting the free and competitive market in China and India: Differences and evolution over time (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:uto:dipeco:200904

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