During China's transition process, property rights and markets

Author: Liu Xiaoxuan
Publisher:
Publish Date: 2003-12-01
Features: This is a book about China's transition economy, which is the result of my attempt to apply fundamental economic theories, including microeconomics, industrial organization theory, and property rights economics, to the study of China's economic transition process. This book examines and measures China's industrial structure and market structure, combining new data provided by the industrial census for in-depth and specific analysis. It holds significant guidance for policy makers at the forefront of reform, researchers, and corporate decision-makers.
Does a causal or mutually determining relationship exist between market structure and profit rates? Under China's transition economy, is the transformation of ownership the fundamental way to improve corporate performance? Which is a more important factor in determining performance: ownership or market competition? These are widely debated issues in the field of economics. However, the major flaw of these debates lies in their one-sidedness—focusing either on property rights or on the market, inevitably leading to bias.
This book, based on a summary of previous research theories, studies property rights structures against the backdrop of market structure and analyzes the corresponding performance-determining factors in this two-dimensional space, filling a gap in the field of economic research.
This book examines and measures China's industrial structure and market structure, combining new data provided by the industrial census for in-depth and specific analysis. It holds significant guidance for policy makers at the forefront of reform, researchers, and corporate decision-makers.