The paper describes the emergence of entrepreneurship in Shanxi province based on fieldwork in the last 6 years. Employing institutional and evolutionary economics shows that both the kind of firms that emerge and the individual behaviour of entrepreneurs reflect a systematic response to the...

This paper attempts to explain how institutions in the reform era of China have evolved by looking into the FDI policies and regulations. As history matters, we don t look solely into the previous direct stage to the reform era, and rather look into a longer history starting from prior to the...

Depending on the kind of literature networks in general, and Chinese networks in particular seem to be different phenomena, or are explained by different factors leaving the interested public puzzled. Whether Chinese networks resemble Clans, Clubs, or Mafia-kind of organizations is as much...

China's long-term economic success is driven by new firms, new sectors and new business practices. This book explores the establishment of new private firms and listed companies, the development of knowledge industries, in particular the IT and banking sectors and the co-evolution of public...

Does an increase in the quantity of legal rules influence the overall quality of the formal institution to which they belong? In this article, we draw upon a longitudinal analysis of the People's Republic of China's Enterprise Bankruptcy Law in order to answer this question. We aim to examine...

Ideas and beliefs can make a contribution to economic development. The case of Humanism and the Low Countries' sudden rise to prosperity prove the point. Humanism became of substantial economic value when it turned out that its norms and customs allowed the Dutch long-distance trader to find...