详情

原文传递 Theory of Ambiguous Property Rights in Transitional Economies.

题名：	Theory of Ambiguous Property Rights in Transitional Economies.
作者：	Li, D. D.
关键词：	Communication Systems; Freight Transportation; Information Systems; Intermodal Transportation System; Traffic Flow; Traffic Research; Transportation Management; Transportation Networks; Transportation
摘要：	A widely held belief in economics is that institutions of clearly defined property rights are the pre-conditions for economic prosperity. Based on this conventional wisdom, rapid privatization has been accepted as the main strategy of the post-socialist transition. However, the Chinese experience constitutes a major contradiction to the conventional wisdom of property rights. The surprise comes from the Chinese non-state sector, where property rights arrangements on the whole are far from being clear. The owners of firms in the Chinese non-state sector are often loosely defined. Moreover, the rights of the owners are also ambiguously specified and poorly protected. Surprisingly, the performance of the Chinese non-state sector is miraculous, judged by common standards. During the past decade, it has been enjoying over 20 percent of average annual growth. As a result, the non-state sector has taken over 50 percent of the nations output.
报告类型：	科技报告