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Taizhou Model: Institutional Innovation and the Development of Private Economy
Author(s) -
Tao Qian,
Jinchuan Shi
Publication year - 2008
Publication title -
china and world economy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.815
H-Index - 28
eISSN - 1749-124X
pISSN - 1671-2234
DOI - 10.1111/j.1749-124x.2008.00117.x
Subject(s) - china , government (linguistics) , business , private sector , economic system , private enterprise , central government , local government , economics , economic policy , market economy , economic growth , finance , public administration , political science , philosophy , linguistics , law
Based on the case of Taizhou City in Zhejiang Province, the present paper investigates the mechanism of the interaction between the local government and private enterprise in the process of regional economic development. We identify the “Taizhou Model” as a model of institutional innovation and the development of private economy, which is private sector‐induced and local government‐promoted Indeed, the impact of such mechanisms has had a significant influence on the reforms and development of China s economic system.