Pareto-Improving Economic Reforms through Dual-Track Liberalization

Lawrence J. Lau, Yingyi Qian and Gérard Roland

Working Papers from Stanford University, Department of Economics

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: economic reform, transition, political economy, dual track, China.

JEL classification: P21

Keywords: economic reform; transition; political economy; dual track; China (search for similar items in EconPapers)
JEL-codes: P21 (search for similar items in EconPapers)
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Citations: View citations in EconPapers (30)

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Related works:
Journal Article: Pareto-improving economic reforms through dual-track liberalization (1997)
Working Paper: Pareto-Improving Economic Reforms through Dual-Track Liberalization (1997)
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