Innovation or Rent-seeking: The Entrepreneurial Behavior during China's Economic Transformation

Jinglian Wu (First Author), Shaoqing Huang (Participant Author)

    Research output: Contribution to journalJournal

    5 Citations (Web of Science)

    Abstract

    Although achieving impressive economic growth during the economic reform period, China has been plagued by rampant corruption and a widening income gap. How can the coexistence these two phenomena be explained? In this paper, we argue that before 1994, the coexistence was induced by a series of expediential institutional arrangements to stimulate entrepreneurial activities and after 1994, it was entrenched because of the slow progress in the overall reform toward becoming a market economy and because of inappropriate government actions and the lack of government action in institutional building. To solve these problems, economic and political reforms need to be accelerated to improve market institutions and to establish the rule of law.
    Original languageEnglish
    Pages (from-to)64-81
    JournalChina & World Economy
    Volume16
    Issue number4
    DOIs
    Publication statusPublished - 2008

    Corresponding author email

    wujl@drc.gov.cn, hshaoqing@ceibs.edu

    Keywords

    • entrepreneurial talent
    • expediential institutional arrangements
    • innovation
    • rent-seeking

    Indexed by

    • ABDC-B
    • Scopus
    • SSCI

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