Transaction Efficiency, Urbanization, and Economic Development (An Analytical Framework of Urbanization Economics and Its Application in China)

Author: Zhao Hongjun
Publisher:
Publish Date: 2005-09-01
Features: This book primarily studies the relationship between transaction efficiency and urbanization and industrialization. Starting from the profit-driven motivation of "economic man," the author argues that both urbanization and industrialization are related to economic man's efforts to improve transaction efficiency and reduce transaction costs. The author attempts to establish a general mathematical model of transaction efficiency to scientifically explain and evaluate the complex relationship between transaction efficiency and urbanization and industrialization. The theoretical perspectives presented in this book are highly innovative, and the author has conducted independent research and analysis of the latest international theoretical viewpoints. It is an original work with significant academic value.
From the perspective of the evolution of economics, the author systematically reviews and summarizes the experiences and lessons of urban economics, clarifying the potential future direction of urbanization economics: an endogenous urbanization economics that can integrate increasing returns, transaction efficiency, and imperfect competition, providing a consistent and persuasive explanation for the emergence, development, and evolution of urbanization.
Instead of analyzing urbanization primarily from the perspective of increasing returns, as is common in existing literature, the author focuses on the preconditions for increasing returns—transaction efficiency—as the lens to analyze the entire process of urbanization's emergence and transformation.