Pareto-Improving Economic Reforms through Dual-Track Liberalization

Pareto-improving economic reforms that also simultaneously achieve efficiency can be implemented through a strategy of ‘dual-track’ liberalization. Its success requires the feasibility of the original plan and its continued enforcement by the state. The Chinese experience demonstrates that such a strategy works.

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Year of publication:	1997-04
Authors:	Lau, Lawrence J ; Qian, Yingyi ; Roland, Gérard
Institutions:	C.E.P.R. Discussion Papers
Subject:	Dual-track price liberalization \| General Equilibrium \| Pareto-improving economic reforms

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Extent:	application/pdf
Series:	CEPR Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	Number 1595
Classification:	D50 - General Equilibrium and Disequilibrium. General ; D60 - Welfare Economics. General ; P21 - Planning, Coordination, and Reform ; P22 - Prices ; P41 - Planning, Coordination, and Reform
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005792369