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China does not permit the private ownership of land. Instead, private parties may obtain the right to use property for up to seventy years. These parties own the structures on the land but not the underlying real estate. China's recent economic boom hinges on the success of its real estate...
Persistent link: https://www.econbiz.de/10012972132
In an effort to understand how and why investors and other professionals are willing to participate in China’s unsettled commercial leasing market, I recently interviewed Chinese and Western experts in the real estate field, including lawyers, judges, developers, bankers, government officials,...
Persistent link: https://www.econbiz.de/10014191873
the possible mode for China to better implement USOs under drastic socio-economic transition and political transformation …
Persistent link: https://www.econbiz.de/10014040508
During the 1990s, ownership of China's listed firms remained stable: state entities remained in control of restructured state-owned enterprises since only a minority of shares were allowed to trade publicly and to be owned privately. However, since 1999, the ownership of China's listed firms has...
Persistent link: https://www.econbiz.de/10005438454
, there have been no tangible reform steps beyond organizational restructuring, the construction of new coal railroads, some …Twenty years of debate regarding the restructuring of the Chinese freight railway have failed to yield a consensus …" model of rail restructuring – have broadened into a lively policy and scholarly debate that includes as an alternative the …
Persistent link: https://www.econbiz.de/10012814875
public/private ownership firms. This result is strongly confirmatory of much of the recent theoretical work on transition …
Persistent link: https://www.econbiz.de/10005001411
The North Korean economy has been a statistical black hole for decades but is undergoing substantial transformations. Rapid post-war industrialisation was not sustained beyond the mid-1960s and South Korea’s economy far outpaced North Korea’s during the next three decades, during which trend...
Persistent link: https://www.econbiz.de/10012203362
This study uses heterogeneous panel Granger causality tests to investigate the causal relationships between quality of governance and economic growth at the provincial level in China during the reform era. I find a significant and positive effect of economic growth on subsequent quality of...
Persistent link: https://www.econbiz.de/10011272728
This study uses heterogeneous panel Granger causality tests to investigate the causal relationships between quality of governance and economic growth at the provincial level in China during the reform era. I find a significant and positive effect of economic growth on subsequent quality of...
Persistent link: https://www.econbiz.de/10013208723
institutions and economists' thinking on institutions during transition. Early in transition, institutions were virtually ignored … institutional construction. Transition countries built institutions speedily but with marked variation across countries. Legal …
Persistent link: https://www.econbiz.de/10005823498