The desirability of WTO membership for China depends on whether its economic successes have been the result of its … advanced member of WTO. If the experimentalist interpretation of China's phenomenal growth is correct, then WTO membership is a … negative development because it could be a straitjacket for WTO-enforced institutional harmonisation that would constrain China …

This paper considers the non-monotonic effect of the partial privatization campaign on the capital allocation … distortion of large SOEs in China by using the Chinese firm-level panel data. We construct a theoretical model to show that the … rise in the degree of partial privatization has the non-monotonic effect of removing the capital allocation distortion …

characterizes China's state sector. The model demonstrates the nature of the bargain between the principals (i.e., officials from … China's State Asset Council) and the agents (large-SOE managers). We derive an indifference payoff point, which maximizes … party in the game. This condition helps to explain the inability of China's political economy system to privatize …

Rapid economic development in China in the post-1978 era has been considered 'intriguing' and 'puzzling' since it … elite are motivated to promote economic development in China. It argues that like politicians in other types of political … regimes, autocratic leaders are interested in high growth rates. It also studies the historical development of China …