The purpose of economic reform is to reduce distortions and enhance efficiency. However, when reforms are partial and incremental, individuals and local governments are often able to capture the rent inherent in the gradual transition process. Warned that such rent-seeking behavior might lead to...

Incremental Reform and Distortions in China's Product and Factor Markets Xiaobo Zhang and Kong-Yam Tan The purpose of economic reform is to reduce distortions and enhance efficiency. This could happen, for example, if increased interregional competition as a result of fiscal decentralization led...

"A key objective of China's reform program was to reduce distortions in the economic system and enhance growth. However, when implemented in incremental and partial ways, local governments or individuals have chance to capture rents inherent in the reform process. Young (2000) warned that the...

This paper reviews the recent literature on inequality and income distribution in rural China utilizing panel datasets. We begin by briefly summarizing and comparing available panel datasets for rural China that can be employed to explore issues on inequality and income distribution, and major...