An Economic Analysis of the Rise and Decline of Chinese Township and Village Enterprises

An Economic Analysis of the Rise and Decline of Chinese Township and Village Enterprises

Author: Cheng Jin

Publisher: Springer

Published: 2017-08-11

Total Pages: 229

ISBN-13: 3319597701

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This book provides a historical economic analysis of two key issues relating to township and village enterprise (TVE) development in China. Firstly, the nature of the evolving relationship between TVEs and local government; in particular how TVE entrepreneurs have used institutionalized power to secure the political influence needed to defend their financial independence. Secondly, the relationship between TVEs and state-owned enterprises (SOEs), and the role of SOEs in China’s economic transition. This study highlights the importance of the role of SOEs in the “dual-track pricing system” and its impact on other parts of the economy. Township and village enterprises were key to China's success in the late twentieth century, but have more or less disappeared as an entity over the past decade or so. By measuring the structural difference of the SOE sector before and after 1998–2003 SOE reform, Jin explains their fast catch-up in productivity since the mid-1990s, as well as the relative decline of TVE productivity.


Book Synopsis An Economic Analysis of the Rise and Decline of Chinese Township and Village Enterprises by : Cheng Jin

Download or read book An Economic Analysis of the Rise and Decline of Chinese Township and Village Enterprises written by Cheng Jin and published by Springer. This book was released on 2017-08-11 with total page 229 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a historical economic analysis of two key issues relating to township and village enterprise (TVE) development in China. Firstly, the nature of the evolving relationship between TVEs and local government; in particular how TVE entrepreneurs have used institutionalized power to secure the political influence needed to defend their financial independence. Secondly, the relationship between TVEs and state-owned enterprises (SOEs), and the role of SOEs in China’s economic transition. This study highlights the importance of the role of SOEs in the “dual-track pricing system” and its impact on other parts of the economy. Township and village enterprises were key to China's success in the late twentieth century, but have more or less disappeared as an entity over the past decade or so. By measuring the structural difference of the SOE sector before and after 1998–2003 SOE reform, Jin explains their fast catch-up in productivity since the mid-1990s, as well as the relative decline of TVE productivity.

Oxford Bibliographies

Oxford Bibliographies

Author:

Publisher:

Published:

Total Pages:

ISBN-13:

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Download or read book Oxford Bibliographies written by and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Institutional Transition of China's Township and Village Enterprises

The Institutional Transition of China's Township and Village Enterprises

Author: Hongyi Chen

Publisher: Routledge

Published: 2017-11-22

Total Pages: 294

ISBN-13: 1351812289

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This title was first published in 2000: This work provides a new insight into china's township and village enterprises (TVEs). It views the governance structure of TVEs as effectively combining the comparative advantage of local government officials in external management and of dual firm managers in internal management to overcome imperfections in both market and government during the transitional period. Through extensive field investigation analysis and case studies, this work shows that the governance structure of TVEs has been evolving during the past fifteen years. To adapt to the changing environment, TVEs have continuously innovated firm contractual form from a government official dominant fixed-wage form to a partnership style profit-sharing form, then to a privatization oriented fixed-rent form. This work develops a complete model to explain how the central government’s partial reform efforts in market liberalization have become the driving force to induce the contractual form innovation, and to explicate how heterogeneity in firms’ technical structures and in local economic settings may affect local government’s decisions regarding contractual form innovation. Using the author’s unique data set, the model simulations predict that the development in the whole market system will result in the diffusion of contractual form innovation and lead to an 'induced privatization’ in this sector. The following empirical studies show this to be a powerful prediction and the progress toward such ’induced privatization' can be expected in China in near future. This research work provides a rich empirical study on China’s institutional transition towards a market system. It explains how a bottom-up endogenous, instead of top-down exogenous, property rights reform can be realized in transitional economies. This work will serve as a valuable reference for researchers and students in economics, economic development and institutional economics - and especially for those interested in research.


Book Synopsis The Institutional Transition of China's Township and Village Enterprises by : Hongyi Chen

Download or read book The Institutional Transition of China's Township and Village Enterprises written by Hongyi Chen and published by Routledge. This book was released on 2017-11-22 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title was first published in 2000: This work provides a new insight into china's township and village enterprises (TVEs). It views the governance structure of TVEs as effectively combining the comparative advantage of local government officials in external management and of dual firm managers in internal management to overcome imperfections in both market and government during the transitional period. Through extensive field investigation analysis and case studies, this work shows that the governance structure of TVEs has been evolving during the past fifteen years. To adapt to the changing environment, TVEs have continuously innovated firm contractual form from a government official dominant fixed-wage form to a partnership style profit-sharing form, then to a privatization oriented fixed-rent form. This work develops a complete model to explain how the central government’s partial reform efforts in market liberalization have become the driving force to induce the contractual form innovation, and to explicate how heterogeneity in firms’ technical structures and in local economic settings may affect local government’s decisions regarding contractual form innovation. Using the author’s unique data set, the model simulations predict that the development in the whole market system will result in the diffusion of contractual form innovation and lead to an 'induced privatization’ in this sector. The following empirical studies show this to be a powerful prediction and the progress toward such ’induced privatization' can be expected in China in near future. This research work provides a rich empirical study on China’s institutional transition towards a market system. It explains how a bottom-up endogenous, instead of top-down exogenous, property rights reform can be realized in transitional economies. This work will serve as a valuable reference for researchers and students in economics, economic development and institutional economics - and especially for those interested in research.

China's Rural Industry

China's Rural Industry

Author: World Bank

Publisher: Oxford University Press

Published: 1990

Total Pages: 464

ISBN-13: 9780195208221

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This collection of papers presented at an international conference in 1987 provides a comprehensive analysis of China's booming rural non-state industrial sector, both collective and private.


Book Synopsis China's Rural Industry by : World Bank

Download or read book China's Rural Industry written by World Bank and published by Oxford University Press. This book was released on 1990 with total page 464 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection of papers presented at an international conference in 1987 provides a comprehensive analysis of China's booming rural non-state industrial sector, both collective and private.

The Growth of Township and Village Enterprises and Rural Economic Development in China

The Growth of Township and Village Enterprises and Rural Economic Development in China

Author: Kit-Yee Cheng

Publisher:

Published: 2017-01-28

Total Pages:

ISBN-13: 9781374799554

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This dissertation, "The Growth of Township and Village Enterprises and Rural Economic Development in China: a Comparative Study of Guangdong and Guizhou Provinces, 1984-2000" by Kit-yee, Cheng, 鄭潔儀, was obtained from The University of Hong Kong (Pokfulam, Hong Kong) and is being sold pursuant to Creative Commons: Attribution 3.0 Hong Kong License. The content of this dissertation has not been altered in any way. We have altered the formatting in order to facilitate the ease of printing and reading of the dissertation. All rights not granted by the above license are retained by the author. Abstract: Abstract of dissertation entitled The Growth of Township and Village Enterprises and Rural Economic Development in China: A Comparative Study of Guangdong and Guizhou Provinces, 1984-2000 Submitted by Cheng Kit Yee for the Master of Arts in China Area Studies at the University of Hong Kong in June 2003 Since the 1980s, China's economic reforms have brought remarkable changes to its rural economy. The rapid growth and restructuring of the Chinese economy over the last two decades have attracted the attention of scholars to study the nature and process of change in rural China in different fields. One of the important fields of study concerns about China's Township and Village Enterprises (TVEs) and their explicit contributions to the Chinese rural economy. It is believed that TVEs have effectively absorbed rural surplus labourers and enhanced the living standard of the rural population. This research examines the relationship between TVEs and rural economic development in two selected provinces - Guangdong on the eastern coast and Guizhou in the interior. TVEs in Guangdong played a more significant role by facilitating rural economic development from the mid-1980s to mid-1990s and transforming the rural economy into one with an export orientation. In recent years, however, TVEs have suffered from stagnant growth because of structural adjustments. By comparison, TVEs in Guizhou have been more stable and played a consistent role in rural economic development. The significance of TVEs in the rural economy of Guizhou is found to be a consequence of the regional nature of its economy. The findings of this study lend support the argument that the development of TVEs is one of the solutions to poverty in China. However, TVEs have also caused serious problems such as massive rural migration and environmental degradation in the countryside in the recent two decades. Therefore, this study stresses the importance of necessary state intervention and regulation to facilitate further sustainable development of TVEs in the future. DOI: 10.5353/th_b2666935 Subjects: Rural industries - China - Guangdong Sheng Rural industries - China - Guizhou Sheng Rural development - China - Guangdong Sheng Rural development - China - Guizhou Sheng


Book Synopsis The Growth of Township and Village Enterprises and Rural Economic Development in China by : Kit-Yee Cheng

Download or read book The Growth of Township and Village Enterprises and Rural Economic Development in China written by Kit-Yee Cheng and published by . This book was released on 2017-01-28 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation, "The Growth of Township and Village Enterprises and Rural Economic Development in China: a Comparative Study of Guangdong and Guizhou Provinces, 1984-2000" by Kit-yee, Cheng, 鄭潔儀, was obtained from The University of Hong Kong (Pokfulam, Hong Kong) and is being sold pursuant to Creative Commons: Attribution 3.0 Hong Kong License. The content of this dissertation has not been altered in any way. We have altered the formatting in order to facilitate the ease of printing and reading of the dissertation. All rights not granted by the above license are retained by the author. Abstract: Abstract of dissertation entitled The Growth of Township and Village Enterprises and Rural Economic Development in China: A Comparative Study of Guangdong and Guizhou Provinces, 1984-2000 Submitted by Cheng Kit Yee for the Master of Arts in China Area Studies at the University of Hong Kong in June 2003 Since the 1980s, China's economic reforms have brought remarkable changes to its rural economy. The rapid growth and restructuring of the Chinese economy over the last two decades have attracted the attention of scholars to study the nature and process of change in rural China in different fields. One of the important fields of study concerns about China's Township and Village Enterprises (TVEs) and their explicit contributions to the Chinese rural economy. It is believed that TVEs have effectively absorbed rural surplus labourers and enhanced the living standard of the rural population. This research examines the relationship between TVEs and rural economic development in two selected provinces - Guangdong on the eastern coast and Guizhou in the interior. TVEs in Guangdong played a more significant role by facilitating rural economic development from the mid-1980s to mid-1990s and transforming the rural economy into one with an export orientation. In recent years, however, TVEs have suffered from stagnant growth because of structural adjustments. By comparison, TVEs in Guizhou have been more stable and played a consistent role in rural economic development. The significance of TVEs in the rural economy of Guizhou is found to be a consequence of the regional nature of its economy. The findings of this study lend support the argument that the development of TVEs is one of the solutions to poverty in China. However, TVEs have also caused serious problems such as massive rural migration and environmental degradation in the countryside in the recent two decades. Therefore, this study stresses the importance of necessary state intervention and regulation to facilitate further sustainable development of TVEs in the future. DOI: 10.5353/th_b2666935 Subjects: Rural industries - China - Guangdong Sheng Rural industries - China - Guizhou Sheng Rural development - China - Guangdong Sheng Rural development - China - Guizhou Sheng

Rural China

Rural China

Author: Jie Fan

Publisher: Routledge

Published: 2015-05-15

Total Pages: 463

ISBN-13: 1317460634

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This book reports the findings of two field studies conducted between 1993 and 2001 in seven townships and six provinces in China. The authors describe the process of rural urbanization and its related economic, social, and political changes by focusing mainly on the zhen (town), in addition to administrative offices and companies involved in the local economy, and village committees. The authors show that the social changes resulting from China's economic reforms are occurring mainly from below, and that this process is also resulting in a weakening of the economic and political dominance of the central government. Other changes discussed in this study include the development of new ownership structures and the increasing dominance of the private sector; a shift in the functions of administrative offices as the bureaucracy becomes increasingly business oriented; the rise of a new local elite; a rebirth of traditional social structures (clans, local associations); and the emergence of new interest groups and institutions to represent their needs.


Book Synopsis Rural China by : Jie Fan

Download or read book Rural China written by Jie Fan and published by Routledge. This book was released on 2015-05-15 with total page 463 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book reports the findings of two field studies conducted between 1993 and 2001 in seven townships and six provinces in China. The authors describe the process of rural urbanization and its related economic, social, and political changes by focusing mainly on the zhen (town), in addition to administrative offices and companies involved in the local economy, and village committees. The authors show that the social changes resulting from China's economic reforms are occurring mainly from below, and that this process is also resulting in a weakening of the economic and political dominance of the central government. Other changes discussed in this study include the development of new ownership structures and the increasing dominance of the private sector; a shift in the functions of administrative offices as the bureaucracy becomes increasingly business oriented; the rise of a new local elite; a rebirth of traditional social structures (clans, local associations); and the emergence of new interest groups and institutions to represent their needs.

A Different Transition Path

A Different Transition Path

Author: Chenggang Xu

Publisher: Routledge

Published: 2018-07-27

Total Pages: 182

ISBN-13: 0429853610

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Originally published in 1995 this volume examines and analyzes the factors that have made the township-village enterprise (TVE) such a driver of growth in the Chinese economy in recent years. The book analyzes the background of the TVE and discusses regional differences in TVE efficiency as well as examining the apparent contradiction of the success of the TVE despite the lack of well-defined property rights. Issues of rural-rural and rural-urban migration phenomena are discussed and the differences discussed between the Chinese economy and those of other developing nations.


Book Synopsis A Different Transition Path by : Chenggang Xu

Download or read book A Different Transition Path written by Chenggang Xu and published by Routledge. This book was released on 2018-07-27 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in 1995 this volume examines and analyzes the factors that have made the township-village enterprise (TVE) such a driver of growth in the Chinese economy in recent years. The book analyzes the background of the TVE and discusses regional differences in TVE efficiency as well as examining the apparent contradiction of the success of the TVE despite the lack of well-defined property rights. Issues of rural-rural and rural-urban migration phenomena are discussed and the differences discussed between the Chinese economy and those of other developing nations.

How Reform Worked in China

How Reform Worked in China

Author: Yingyi Qian

Publisher: MIT Press

Published: 2017-11-24

Total Pages: 414

ISBN-13: 026253424X

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A noted Chinese economist examines the mechanisms behind China's economic reforms, arguing that universal principles and specific implementations are equally important. As China has transformed itself from a centrally planned economy to a market economy, economists have tried to understand and interpret the success of Chinese reform. As the Chinese economist Yingyi Qian explains, there are two schools of thought on Chinese reform: the “School of Universal Principles,” which ascribes China's successful reform to the workings of the free market, and the “School of Chinese Characteristics,” which holds that China's reform is successful precisely because it did not follow the economics of the market but instead relied on the government. In this book, Qian offers a third perspective, taking certain elements from each school of thought but emphasizing not why reform worked but how it did. Economics is a science, but economic reform is applied science and engineering. To a practitioner, it is more useful to find a feasible reform path than the theoretically best way. The key to understanding how reform has worked in China, Qian argues, is to consider the way reform designs respond to initial historical conditions and contemporary constraints. Qian examines the role of “transitional institutions”—not “best practice institutions” but “incentive-compatible institutions”—in Chinese reform; the dual-track approach to market liberalization; the ownership of firms, viewed both theoretically and empirically; government decentralization, offering and testing hypotheses about its link to local economic development; and the specific historical conditions of China's regional-based central planning.


Book Synopsis How Reform Worked in China by : Yingyi Qian

Download or read book How Reform Worked in China written by Yingyi Qian and published by MIT Press. This book was released on 2017-11-24 with total page 414 pages. Available in PDF, EPUB and Kindle. Book excerpt: A noted Chinese economist examines the mechanisms behind China's economic reforms, arguing that universal principles and specific implementations are equally important. As China has transformed itself from a centrally planned economy to a market economy, economists have tried to understand and interpret the success of Chinese reform. As the Chinese economist Yingyi Qian explains, there are two schools of thought on Chinese reform: the “School of Universal Principles,” which ascribes China's successful reform to the workings of the free market, and the “School of Chinese Characteristics,” which holds that China's reform is successful precisely because it did not follow the economics of the market but instead relied on the government. In this book, Qian offers a third perspective, taking certain elements from each school of thought but emphasizing not why reform worked but how it did. Economics is a science, but economic reform is applied science and engineering. To a practitioner, it is more useful to find a feasible reform path than the theoretically best way. The key to understanding how reform has worked in China, Qian argues, is to consider the way reform designs respond to initial historical conditions and contemporary constraints. Qian examines the role of “transitional institutions”—not “best practice institutions” but “incentive-compatible institutions”—in Chinese reform; the dual-track approach to market liberalization; the ownership of firms, viewed both theoretically and empirically; government decentralization, offering and testing hypotheses about its link to local economic development; and the specific historical conditions of China's regional-based central planning.

China in the Age of Xi Jinping

China in the Age of Xi Jinping

Author: Michael Dillon

Publisher: Routledge

Published: 2021-04-29

Total Pages: 479

ISBN-13: 1000370968

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This book presents a concise introduction to China in the Xi Jinping era. It is intended as a first book for those coming new to the subject, providing the essential information that most people need to know, without going into excessive detail. Its coverage includes the economy, society, politics, and international relations; China's history, especially the twentieth century; and Taiwan and Hong Kong, as well as the People's Republic of China. It will also be useful for more advanced students who need to understand developments in China outside their own primary disciplines. The book provides an up-to-date and clear guide to the changes which have taken place in China in the late twentieth and early twenty-first centuries, including the recent further changes which are taking place under Xi Jinping’s regime. It draws on the enormous body of empirical and theoretical research that is being carried out by economists, political scientists, and sociologists on China, but is itself written in non-technical and accessible language. It does not assume any previous knowledge of China and explanations of Chinese terms are provided throughout the book. It includes a map, a chronology, a glossary of Chinese terms, biographical notes on key figures, and a guide to further reading.


Book Synopsis China in the Age of Xi Jinping by : Michael Dillon

Download or read book China in the Age of Xi Jinping written by Michael Dillon and published by Routledge. This book was released on 2021-04-29 with total page 479 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a concise introduction to China in the Xi Jinping era. It is intended as a first book for those coming new to the subject, providing the essential information that most people need to know, without going into excessive detail. Its coverage includes the economy, society, politics, and international relations; China's history, especially the twentieth century; and Taiwan and Hong Kong, as well as the People's Republic of China. It will also be useful for more advanced students who need to understand developments in China outside their own primary disciplines. The book provides an up-to-date and clear guide to the changes which have taken place in China in the late twentieth and early twenty-first centuries, including the recent further changes which are taking place under Xi Jinping’s regime. It draws on the enormous body of empirical and theoretical research that is being carried out by economists, political scientists, and sociologists on China, but is itself written in non-technical and accessible language. It does not assume any previous knowledge of China and explanations of Chinese terms are provided throughout the book. It includes a map, a chronology, a glossary of Chinese terms, biographical notes on key figures, and a guide to further reading.

Rural Enterprises in China

Rural Enterprises in China

Author: Harry X. Wu

Publisher: Springer

Published: 1994-09-27

Total Pages: 241

ISBN-13: 1349236098

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How and why did the rural enterprise sector get so big in China? This book has the answers. That sector is owned and operated by rural communities. The book explains why these enterprises have been growing so fast, and it explores the implications of their growth.


Book Synopsis Rural Enterprises in China by : Harry X. Wu

Download or read book Rural Enterprises in China written by Harry X. Wu and published by Springer. This book was released on 1994-09-27 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: How and why did the rural enterprise sector get so big in China? This book has the answers. That sector is owned and operated by rural communities. The book explains why these enterprises have been growing so fast, and it explores the implications of their growth.