42 Pages Posted: 20 Feb 2003
Date Written: January 9, 2001
The development of entrepreneurship and a private business sector in China pose various challenges to analysis. On the one hand, neo-classically based New Institutional Economics aims to find evidence that long-term investment and long-term commitment in and around firms can not be expected without deeply entrenched and state guaranteed private property rights. On the other hand, empirical studies within the China field concentrate on the political processes, in particular the interaction between the central state and local governments, at the danger of neglecting market forces, economic interests, and economic problems at stake. The empirical study on which the following is based took a different path by using a set of framing assumptions.
Keywords: China, privatization, entrepreneurship, institutional economics, local governments
JEL Classification: M, M10, L2, P27, P51
Suggested Citation: Suggested Citation
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By Barbara Krug