Enter the alternative market. Market selection and evolutionary characteristics - Research on market entry issues in the transformation of China's economic system

Author: Li Wei
Publisher:
Publish Date: 2006-07-01
Features: The research conclusion of this book is that, during China's transition, new enterprises dominated by non-state-owned enterprises enter into a process of entry substitution based on inter-firm heterogeneity. This is a selection process by the market for different organizational form enterprises that spontaneously emerge during the transition. The continuous changes in market institutional conditions resulting from the transition are the main determinants of inter-firm heterogeneity, which is also the difference in efficiency. This process characteristic and its determinants make China's transition an evolutionary process, which in turn determines the improvement of dynamic efficiency in China's transition. This conclusion reveals the unique enterprise institutional change process in China's transition, in which market competition becomes the specific implementation path for enterprise competitive transformation, and the proportion of state-owned enterprises becomes an endogenous change process dominated by the selection process. This analysis of the dynamic process characteristics of the transition from a new perspective holds significant implications for the theoretical research of the transition and the analysis of related policies.