This book aims to present the observation and Interpretation for China's economic growth since Reform and Opening-up from a Chinese economist's view. The book is divided into 5 sections, including the research of traditional socialist economic structure, China's transformation from planned economy to market economy, reform of Chinese industrial economy, economic growth and political economy. Key topics are covered over the past 40 years including strategies for economic transformation, dual-track pricing, industrial transformation and enterprise reform, capital formation and economic growth, structural changes and productivity growth, macroeconomics, fiscal relations between central and local governments, and the political economy of growth.

Is authored by Chinese distinguished economist Jun Zhang Analyzes the impact of China's industrial reform on productivity and profitability of the enterprises Studies the mode of the transformation of Chinese economic system and mechanism of enterprise privatization

Autorentext
Professor Jun Zhang is one of China's leading economists and a highly sought after commentator on its economy. Recent academic contributions have been to The World Economy, China Economic Review, Economic Systems, the Journal of Asian Economics, the Journal of the Asia Pacific Economy, and the East Asian Review.

Klappentext

This book aims to present the observation and Interpretation for China's economic growth since Reform and Opening-up from a Chinese economist's view. The book is divided into 5 sections, including the research of traditional socialist economic structure, China's transformation from planned economy to market economy, reform of Chinese industrial economy, economic growth and political economy. Key topics are covered over the past 40 years including strategies for economic transformation, dual-track pricing, industrial transformation and enterprise reform, capital formation and economic growth, structural changes and productivity growth, macroeconomics, fiscal relations between central and local governments, and the political economy of growth.

Inhalt

Chapter 1. Information Costs, Limited Reasoning Ability and Simplifying Planning: A Theoretical Explanation of Traditional Chinese Planning.- Chapter 2. Socialist Government and Enterprise: An Analysis from the Perspective of Exit.- Chapter 3. Monetary Incentive and Property Rights Structure of Socialist Enterprises: China's Experience.- Chapter 4. Privileges Sustained by Central Planning: An Analytical Method of Property Rights.- Chapter 5. The Growth of China's Industrial Output Since the Reform: Double-Track Pricing and Border Competition.- Chapter 6. Technology, Classification of Scale and Industrial Organization: Why Can China's Large Enterprises Make Higher Profit Margins?.- Chapter 7.Industrial Reform and Efficiency Change in China: Methods, Data, Literatures and Existing Results.- Chapter 8. Decline of China's Investment Efficiency and the Aggregate Characteristics of Capital Formation.- Chapter 9. Growth, Capital Formation and Technological Choice: Explanation of Long-Term Factors for Recent Decline of Economic Growth in China.- Chapter 10. Decentralization and Growth: The Story of China.- Chapter 11. Why Have China Had A Good Infrastructure: Decentralization Competition, Governance and Infrastructure Investment Decisions.- Chapter 12. Irregular Financial Sector in Rural China after the Reform: A Case Study of Wenzhou.- Postscript.