| Innovation or Rent-seeking： The Entrepreneurial Behavior during China＇s Economic Transformation |
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| 引用本文： | Jinglian Wu,;Shaoqing Huang. Innovation or Rent-seeking： The Entrepreneurial Behavior during China＇s Economic Transformation[J]. 中国与世界经济(英文版), 2008, 16(4): 64-81. DOI: 10.1111/j.1749-124X.2008.00122.x |
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| 作者姓名： | Jinglian Wu, Shaoqing Huang |
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| 作者单位： | [1]Senior Research Fellow, the Development Research Center of State Council, Beijing, and Chair Professor of Bao-Steel at the China Europe International Business School, Shanghai, China; [2]Research Fellow, China Europe International Business School, Shanghai, China |
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| 基金项目： | The authors thank Ying Lowery of the US Small Business Administration for her helpful academic discussions, and World Bank senior economist Leora Klapper for her helpful comments, as well as Zhu Aiping for her assisance in data collection. |
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| 摘 要： | 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 of 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.
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| 关 键 词： | 中国 企业家 经济发展 风险意识 |
Innovation or Rent-seeking: The Entrepreneurial Behavior during China's Economic Transformation |
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| Jinglian Wu Shaoqing Huang. Innovation or Rent-seeking: The Entrepreneurial Behavior during China's Economic Transformation[J]. China & World Economy, 2008, 16(4): 64-81. DOI: 10.1111/j.1749-124X.2008.00122.x |
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| Authors: | Jinglian Wu Shaoqing Huang |
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| Affiliation: | Senior Research Fellow, the Development Research Center of State Council, Beijing, and Chair Professor of Bao-Steel at the China Europe International Business School, Shanghai, China. Email:;;Research Fellow, China Europe International Business School, Shanghai, China. Email: . |
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| 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. |
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| Keywords: | entrepreneurial talent expediential institutional arrangements innovation rent-seeking |
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