December 1997 <p> In 1994 China began a profound reform of its state-owned enterprises. We first describe and …, Local Governments, China …

November 1997, Revised March 1998 (forthcoming, Quarterly Journal of Economics) <p> Why are many of China's successful …-Village Enterprises, Local Government, Institutions, China …

The majority of enterprises in China are controlled by local governments at the provincial, city, county, township and … lower-level governments of townships and villages in China. …

China’s reform worked and produced some of the most impressive growth in the largest developing and transition economy … in the world in the past twenty-two years. That China has managed to grow so rapidly despite the absence of many … initial conditions and to function as stepping stones in the transition toward the goal. Underlying China’s reform is a serial …

worked in product and labour markets in China’s economic reform in practice. …

relative success of local government-owned firms during China's transition to a market economy. <p> Key Words: Property Rights …, Ownership, State Predation, Local Government, Multi-Task, China …

constraints and reduce inflation (the "checks and balance effect"). Our analysis is used to interpret China's recent experience of …, Competition, China …

economy, dual track, China. <p>JEL classification: P21 …

We use available methods for testing macro models to evaluate a model of China over the period from Deng Xiaoping …

finds that the main shocks hitting China in the crisis were international and that domestic banking shocks were unimportant …