A theory of ambiguous property rights in transition economies: the case of the Chinese non-state sector

Article Abstract:

A theory is developed on ambiguous property rights in which property owners have to contest the actual control right in all situations. The highly successful non-state sector of China is a prime example of ambiguous property rights, which arise because of a market environment that is imperfect. It was suggested that in China's undeveloped market environment, ambiguous property rights are more efficient than clearly defined private property rights.

Analysis, Markets (Economics), Right of property, Property rights

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The impact of credit control and interest rate regulation on the transforming Chinese economy: an analysis of long-run effects

Article Abstract:

Research is presented describing the development of a financial model to measure the influence on economic performance of interest rate changes and credit control by the Chinese government.

Research, Financial analysis, Comparative economics

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