Economic-social interaction in China

Author: Lindbeck, Assar

Source: Economics of Transition, Volume 16, Number 1, January 2008 , pp. 113-139(27)

Buy & download fulltext article:

Price: $48.00 plus tax (Refund Policy)

Abstract:

This paper analyzes economic-social interaction in China in connection with the country's change of economic system. I define an economic system in terms of a multi-dimensional vector of broad institutional characteristics, and I emphasize that important features of the social development are closely related to specific changes in these various dimensions. I classify China's options for future social improvements into three broad categories: (i) policies that improve the stability and distribution of factor income; (ii) government-created wedges between factor income and disposable income; and (iii) improvements in the quantity, quality and distribution of human services, such as education and healthcare.

Keywords: P2; H00; I00; China; economic transition; typology of economic systems; social reforms

Document Type: Research article

DOI: http://dx.doi.org/10.1111/j.1468-0351.2007.00315.x

Affiliations: 1: Institute for International Economic Studies, Stockholm University, SE-106 91 Stockholm, Sweden, and Research Institute of Industrial Economics, Stockholm., Email: assar@iies.su.se

Publication date: 2008-01-01