haku: @indexterm DUALITY / yhteensä: 19
viite: 4 / 19
| Tekijä: | Lau, L. |
| Otsikko: | Reform without losers: an interpretation of China's dual- -track approach to transition |
| Lehti: | Journal of Political Economy
2000 : FEB, VOL. 108:1, p. 120-143 |
| Asiasana: | POLITICAL ECONOMY CHINA DUALITY |
| Kieli: | eng |
| Tiivistelmä: | This paper develops a simple model to analyze the dual-track approach to market liberalization as a mechanism for implementing efficient Pareto-improving economic reform, that is, reform achieving efficiency without creating losers. The approach, based on the continued enforcement of the existing plan while simultaneously liberalizing the market, can be understood as a method for making implicit lump-sum transfers to compensate potential losers of the reform. |
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