A void in the literature on the business environment is how it evolves over time. Focusing on China during its crucial … better educated, with more diverse sectoral experience. Market competition increased over time, especially after China …

. It uses a simple theoretical framework of risky quality upgrading by firms under varying levels of financial development … to derive two predictions. First, the mean rate of quality growth and the corresponding cross-sectional variance of … quality growth in a country are positively correlated. Second, both the mean and variance of quality changes are positively …

, selective adaptation, and industrial upgrading. This paper attempts to distill lessons from China's reform and opening up … process, and investigate the underlying reasons behind China's success in trade expansion and economic growth. From its … beginnings with home-grown and second-best institutions, China has embarked on a long journey of reform, experimentation, and …

"The paper evaluates the effects of privatization in the post-communist economies and China. In post … institutional development. In China relatively more estimates suggest that privatization to domestic owners improves the level of …-communist economies, but foreign joint ventures rather than wholly owned foreign firms have a positive effect in China. Worker or …