A theory of ambiguous property rights in transition economies: the case of the Chinese non-state sector

Article Abstract:

A theory is developed on ambiguous property rights in which property owners have to contest the actual control right in all situations. The highly successful non-state sector of China is a prime example of ambiguous property rights, which arise because of a market environment that is imperfect. It was suggested that in China's undeveloped market environment, ambiguous property rights are more efficient than clearly defined private property rights.

Author: Li, David D.
Publisher: Academic Press, Inc.
Publication Name: Journal of Comparative Economics
Subject: Economics
ISSN: 0147-5967
Year: 1996
Analysis, Markets (Economics), Right of property, Property rights

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The impact of credit control and interest rate regulation on the transforming Chinese economy: an analysis of long-run effects

Article Abstract:

Research is presented describing the development of a financial model to measure the influence on economic performance of interest rate changes and credit control by the Chinese government.

Author: Fung, Michael Ka-Yiu, Ho, Wai-Ming, Zhu, Lijing
Publisher: Academic Press, Inc.
Publication Name: Journal of Comparative Economics
Subject: Economics
ISSN: 0147-5967
Year: 2000
Research, Financial analysis, Comparative economics

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Subjects list: China, Economic aspects
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