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Why China grew: Understanding the fi...

Hersh, Adam S.

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Why China grew: Understanding the financial structure of late development.

紀錄類型:	書目-語言資料,印刷品 : Monograph/item
正題名/作者:	Why China grew: Understanding the financial structure of late development./
作者:	Hersh, Adam S.
面頁冊數:	220 p.
附註:	Source: Dissertation Abstracts International, Volume: 72-05, Section: A, page: .
Contained By:	Dissertation Abstracts International72-05A.
標題:	Asian Studies. -
電子資源:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3445161
ISBN:	9781124541471

Why China grew: Understanding the financial structure of late development.
Hersh, Adam S.

Why China grew: Understanding the financial structure of late development. - 220 p.

Source: Dissertation Abstracts International, Volume: 72-05, Section: A, page: .

Thesis (Ph.D.)--University of Massachusetts Amherst, 2011.

This dissertation explores how economic institutions governing finance and investment have contributed to growth in reform-era China. Economic and political reforms transformed Chinas prior centrally-planned economy. Although reforms incorporated elements of market institutions and private enterprise, state institutions exercising extensive authority over a wide range of economic affairs critically and fundamentally played a central role in transforming this economy from one of the worlds poorest to the worlds second largest in the span of one generation. I explain the emergence of a unique configuration of institutions supportive of industrial policy implemented by largely autonomous local government officials. In combination with state-directed bank credit, this local government industrial policy finance has played a significant and positive role in development of exports in China. Though private entrepreneurs are often seen as dynamic engines of growth in Chinas reform-era economy, I show the vast majority of entrepreneurs are low-skilled, low-productivity, and exhibit non-positive rates of capital accumulation. Most entrepreneurs would experience higher earnings were they not segmented into self-employment occupations by adverse socioeconomic conditions. Rather than engines of growth, Chinas entrepreneurs resemble more the vast numbers of informal sector self-employment prevalent in many developing countries.

ISBN: 9781124541471Subjects--Topical Terms:

1669375
Asian Studies.

Why China grew: Understanding the financial structure of late development.
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