This paper attributes shortages of goods in socialist economies to the soft financial
constraints that firms in such economies face. A" soft budget constraint" problem arises when …

This paper explains why China has taken the'incremental approach'to economic reform,
while others have taken a'radical approach'; why China has been successful in its gradual …

First Published in 2004. This remarkable book continues the work begun by Ian Jeffries in
Socialist Economies and the Transition to the Market: A Guide (1993) and A Guide to the …

The book is based on the hypothesis that a systematic analysis of the Chinese economic
discourse is necessary in order to understand the underlying logic of Chinese economic …

THIS PATHBREAKING Work analyzes the evolution of China's financial reforms since 1979.
China's reformers have stressed the construction of a more diverse, flexible, and competitive …

A comparative study of three locales, the dissertation focuses on the evolution of property
rights and extractive institutions in the rural industrial sectors of Shanghai, Wuxi, and …

This paper examines specific maeroeconomic issues relative to China's economic growth
with stability. China's relatively high rate of growth in the 1980s came to be challenged by a …

There is currently widespread interest in the Chinese economy, due to its huge and rapid
growth, and the consequent impact on world business and the world economy. At the same …

The linkage between inflation and economic growth has been the subject of considerable
interest and debate. The 18 papers included in this volume comprise the proceedings of a …

The gross output value of China's rural industry grew rapidly from 38.5 billion yuan in 1978
to 8245.6 billion yuan in 2000. An average annual growth rate of 21.8 percent, measured in …