Institutional change and economic transition: market-enhancing governance, Chinese-style

This study introduces a coherent comparative concept of governance, applies it to China, and elaborates to what extent the Chinese institutional matrix exhibits characteristics of a market-enhancing governance structure (MEGS). It is argued that a subtle interplay of political and economic instituti...

Full description

Saved in:
Bibliographic Details
Published in:The European journal of comparative economics : EJCE 2006-06, Vol.3 (1), p.75-102
Main Authors: Ahrens, Joachim, Mengeringhaus, Philipp
Format: Article
Language:English
Subjects:
China
Corporate governance
Democratization
Economic aspects
Economic conditions
Economic growth
Economic policy
Economic reform
Economic structure
Enforcement
GDP
Governance
Gross Domestic Product
institution building
Institutional change
Institutional economics
Market
market-enhancing governance
Policy making
policy reform
Political economy
Public policy
Public sector
Reform
Studies
transition
Transition economies
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:This study introduces a coherent comparative concept of governance, applies it to China, and elaborates to what extent the Chinese institutional matrix exhibits characteristics of a market-enhancing governance structure (MEGS). It is argued that a subtle interplay of political and economic institutions created a stable and viable politico-institutional foundation which made China's unorthodox transition strategy politically feasible and economically effective. The paper concludes with an assessment of the quality of the overall Chinese governance structure and its expected implications for the future transition process. [PUBLICATION ABSTRACT]
ISSN:1824-2979
1824-2979