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THE ECONOMICS OF REGIONAL PROPERTY RIGHTS IN CHINA
Author(s) -
Liew Leong H.
Publication year - 1994
Publication title -
papers in regional science
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.937
H-Index - 64
eISSN - 1435-5957
pISSN - 1056-8190
DOI - 10.1111/j.1435-5597.1994.tb00609.x
Subject(s) - protectionism , china , property rights , economics , economic system , international economics , political science , microeconomics , law
A model based on a regional property rights framework is specified and lyze the behaviour of regional governments in China. It is able to explain the phenomena, often observed in China, of local protectionism, inefficient output and input mix and tendency towards macroeconomic instability. The analysis suggests that given existing economic institutions, tax instruments on their own are unlikely to be effective in controlling the general level of economic activity and/or influencing the structure of the economy.