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By comparing the development of landownership in China and England, this paper explores what were behind their different trajectories. In particular, I examined the delineation of property rights, alienation of land, rent and tax, inheritance and accumulation of land. Feudal England was a...
Persistent link: https://www.econbiz.de/10005835578
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barriers to entrepreneurship in China (e.g. its immature markets and institutions) based on Western standards of …This book provides an analysis of the existing economic dynamics and factors contributing to entrepreneurship in China … entrepreneurship exists in China and, if so, the extent and form it takes. This book also examines whether the nature of …
Persistent link: https://www.econbiz.de/10011122725
Persistent link: https://www.econbiz.de/10012671125
Today it makes little sense to ask a question, why social scholars are interested in China’s economy as far as the answer is obvious. The growth rate of Chinese economy and duration of its growth period are stunning. It is likely that in the nearest future China will outrun USA in terms of GDP...
Persistent link: https://www.econbiz.de/10011098835
on the speed of construction and on variations across different types of institutions. It also examines the reactions of … firms to the new institutions. Firm adjustment is slower than institutional construction. The contrast between law's use in … transactions and problems in corporate governance suggests that complementarities between institutions are important and that new …
Persistent link: https://www.econbiz.de/10005823503
We examine the diversification patterns of almost all publicly listed non-financial companies in China during the 2001 to 2005 period. More than 70 percent of the firms in our sample are diversified. We document that patterns of diversification strongly depend on firms' political connections....
Persistent link: https://www.econbiz.de/10005045107
Over the last decade, a growing body of literature dealing with the phenomenon of the "middle-income trap" (MIT) has emerged. The term MIT usually refers to countries that have experienced rapid growth and thus reached the status of a middle-income country (MIC) in a very short period of time,...
Persistent link: https://www.econbiz.de/10011661331
Over the last decade, a growing body of literature dealing with the phenom-enon of the "middle-income trap" (MIT) has emerged. The term MIT usually refers to countries that have experienced rapid growth and thus reached the status of a middle-income country (MIC) in a very short period of time,...
Persistent link: https://www.econbiz.de/10012205638
This paper studies China's four-fold increase in per capita GDP relative to the U.S. between 1995 and 2019. First, we argue that China's growth pattern is very similar to that of several other East Asia economies that initially grew very quickly. Second, we show that a minimalist...
Persistent link: https://www.econbiz.de/10014293308